ECB expected to raise rates as borrowing costs rise across the eurozone
The European Central Bank is expected to announce a 0.25 percentage point rise in its main interest rate on Thursday, taking it to 2.25%. The move would be the first increase since 2022 and would mark a further shift in the bank's response to inflation pressures. It would also feed through quickly to borrowing costs for households and businesses across the eurozone.Christine Lagarde, the ECB president, is expected to set out the decision at the bank's regular policy announcement. The rise is being linked to higher oil costs, which have added to the cost of living and strengthened expectations that... [Continue Reading]
360LiveNews | 07 Jun 2026 07:30 LONDON
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EU set to criticise Italy's fuel-duty cuts as energy prices spike
The European Commission is expected to criticise Italy's emergency fuel-duty cuts and other energy-cost measures as too broad and untargeted, according to a draft document seen in Rome. The issue comes as Italy faces rising energy prices linked in the supplied material to the war in Iran. The Commission is due to publish its country-specific recommendations on Wednesday, a key moment in EU economic coordination.The draft says Italy should ensure any measures to soften the impact of higher energy prices are temporary and focused on vulnerable households and energy-intensive firms. It also says support should preserve incentives for energy savings... [Continue Reading]
360LiveNews | 02 Jun 2026 16:39 LONDON
