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

CNBC · Jun 11, 2026, 12:29 PM · Also reported by 4 other sources

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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 least 25 basis points ahead of its June Governing Council meeting, according to LSEG data.

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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 least 25 basis points ahead of its June Governing Council meeting, according to LSEG data.

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Bloomberg Markets ECB Hikes for First Time Since 2023 as Inflation Heats Up Euronews ECB raises interest rates for the first time in three years as Iran war fuels inflation The Guardian ECB raises eurozone interest rates as Iran war stokes inflation BBC Business Will UK interest rates go up?

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

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