The European Central Bank on June 11 raised its inflation forecasts while cutting growth expctations for this year as the blockade of the Strait of Hormuz threatens to prolong a surge in global energy prices.

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…

European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, Sept. 11,…