Europe's central bank raises rates to fight inflation from Iran war - The Korea Times

Europe's central bank raises rates to fight inflation, the Fed to decide next week

ECB raises benchmark rate to 2.25% as crude spikes to $92/barrel, marking the first major central bank tightening since Iran war pushed eurozone inflation to 3.2%. Rising rates increase capital costs, compress tech valuations, and constrain venture funding—reversing the loose-money era that fueled expansion.