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’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…

The ECB is expected to raise its deposit rate by 25 basis points to 2.25% on June 11, the first hike since 2023, as eurozone inflation tops 3%.

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

The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating…