The conflict in the Middle East has pushed up energy-related inflation up by 14.3 percent year-on-year

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.

The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war