The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.

The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices…

The European Central Bank’s decision on Thursday to raise interest rates by 25 basis points came as little surprise to financial markets. Most economists had already expected such…

ECB is first big central bank to hike rates since Iran war