The European Central Bank has raised interest rates for the first time in nearly three years, citing growing inflation risks linked to the ongoing Iran conflict and rising energy costs. The ECB increased its benchmark deposit rate to 2.25%, even as economic growth across the eurozone remains weak. ECB President Christine Lagarde said the Middle East conflict is generating inflationary pressures.

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

European Central Bank looks to tamp down inflation fears

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.

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,…

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…

Die Europäische Zentralbank reagiert auf die stark gestiegene Inflation im Euroraum. Der Einlagensatz steigt von 2,0 auf 2,25 Prozent.

European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

The European Central Bank (ECB) on Thursday became the first major central bank to hike interest rates in response to the Iran war as policymakers wrestle...

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

The war in the Middle East is generating inflation pressures

The Bank also lifted its inflation outlook for this year to 3% and lowered its growth forecast to 0.8%

Der Ölpreisschock infolge des Iran-Kriegs treibt die Verbraucherpreise nach oben. Nun hat die Europäische Zentralbank reagiert und erstmals seit September 2023 die Leitzinsen im…

The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns…

The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns…

FRANKFURT, Germany — The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war...

Critics, however, warn the move may not curb inflation stemming from energy shortages. Read more at straitstimes.com. Read more at straitstimes.com.

The ECB raised interest rates by 25 basis points to 2.25% as eurozone inflation hit 3.2%. Here's what the first hike since 2023 means for crypto markets.