ECB raises eurozone rates to 2.25% as Iran war pushes inflation higher
The European Central Bank has raised its main deposit rate to 2.25%, the first increase since 2023, as it responds to inflation pressures linked to the war in Iran. The move comes as eurozone consumer prices continue to rise and markets adjust to the prospect of further tightening. The decision is being watched closely across the currency bloc because it affects borrowing costs for households, businesses and governments.The bank lifted the rate from 2% after eurozone consumer price inflation rose to 3.2% in May 2026, up from 3% in April. Financial markets are now pricing in two more rate rises... [Continue Reading]
360LiveNews | 11 Jun 2026 14:02 LONDON
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