ECB Hikes Rates First Time Since 2023; Iran War Fuels Inflation

The European Central Bank raised interest rates for the first time since 2023, increasing its main deposit rate to 2.25%. This move aims to combat surging inflation, which has been exacerbated by the Iran war driving up energy costs.

Coverage

• ECB raises rates to tackle inflation surge
• ECB raises eurozone interest rates as Iran war stokes inflation
• ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
• ECB Raises Rates for First Time Since 2023
• ECB Hikes for First Time Since 2023 as Inflation Heats Up
• US PPI Climbs at Fastest Pace in More Than Three Years

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