The move puts Frankfurt ahead of its global peers. But risks echoing the institution’s ill-fated 2011 policy response.

Tough monetary policy decisions will shape the EU and U.K.’s economic futures — and Bailey and Lagarde’s legacies.

The European Central Bank is expected to make its first interest rate hike in nearly three years amid increasing inflationary pressure due to the Iran war.

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…