ECB Hikes Interest Rates for Second Time Since Iran War

🇩🇪 Bloomberg (DE) —

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The European Central Bank raised interest rates by a quarter-point to 2.5%, marking the second hike since the Iran war began. This move aims to counter persistently high inflation in the Eurozone.

The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook reports from Berlin. (Source: Bloomberg)

World Politics Markets ECB interest rates inflation Eurozone monetary policy

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