ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs

Business

Ecb Hikes Interest Rates For First Time Since 2023 As Iran War Ramps Up Energy Costs

By CNBC

The European Central Bank announced a quarter-point rate hike on Thursday, bringing its key interest rate to 2.25% as the Iran war continues to blow inflation off target. Markets had been pricing in a near-100% chance of the ECB raising rates by at l ...Read more

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