ECB President Christine Lagarde raises interest rates for the first time since 2023 as energy inflation hits 10.9%, warning of broader economic spillover

The ECB raised its deposit rate to 2.25%, the first G7 rate hike since the Iran war began. Here's what it means for crypto and risk assets.

ECB President Christine Lagarde raises interest rates for the first time since 2023 as energy inflation hits 10.9%, warning of broader economic spillover

The ECB raised its deposit rate by 25 basis points for the first time in three years as Middle East energy shocks drive inflation higher across Europe.