European Central Bank news
Read verified news on BetaVoices covering European Central Bank, with reporting, context, and related developments.
Euro zone rates
ECB raises rates to 2.25% as Iran war fuels inflation
The quarter-point move, the bank’s first hike since 2023, came with higher inflation forecasts and a weaker growth outlook for the euro zone
Euro zone rates
Energy shock puts ECB on course for expected rate hike
Policymakers are expected to lift the deposit rate by 25 basis points as rising oil and gas costs feed inflation concerns across the euro zone
Monetary policy
ECB holds key rate at 2% as energy shock lifts inflation
The central bank kept policy steady Thursday but warned that inflation risks and growth risks have both intensified as the war in the Middle East pushes up energy costs
Central banks
ECB and Bank of England expected to hold rates as inflation shock clouds outlook
The Iran war has lifted energy prices and revived stagflation concerns, but economists expect both central banks to wait for clearer evidence before tightening again