European Central Bank raises interest rates as Middle East war fuels inflation fears - Businessday NG

ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation

ECB raised deposit rate to 2.25% (first hike since 2023) countering eurozone inflation at 3.2% driven by Middle East disruption. Higher rates compress tech startup runway and enterprise IT capex; eurozone growth cut to 0.8% signals constrained funding.