The European Central Bank's interest rate increase on Thursday came as no surprise, given the inflationary impact of the Middle East conflict. However, a different question is now attracting attention.

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…