The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation.

The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation.

Economists expect the ECB to raise its policy rate to 2.50 per cent from 2.25 per cent. Read more at straitstimes.com. Read more at straitstimes.com.