ECB raises interest rates by 25 basis points
The hike addresses persistent inflation driven by the Middle East conflict, which is expected to keep price levels above target for an extended period.
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Central bank for euro area countries
europa.euLast updated
In short: ECB hiked interest rates to 2.5% to combat inflation driven by geopolitical shocks and rising energy costs.
The hike addresses persistent inflation driven by the Middle East conflict, which is expected to keep price levels above target for an extended period.
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