ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook

ECB hikes interest rates for first time since 2023 | Euractiv

ECB lifted rates to 2.25%, first increase since 2023, after inflation surged to 3.2% due to Iran-US war disrupting Middle East energy flows. Higher rates will tighten venture capital availability and compress IT capex for digital transformation initiatives across Italian companies.