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ECB raises rates to tackle inflation surge
Key takeaways
- The European Central Bank has been moving to rein in inflation after a long pause on rate changes.
- Policymakers in Frankfurt lifted the benchmark deposit rate by 0.25 percentage points to 2.25%, ending a long pause after seven consecutive holds at 2.0%.
- The last rate hike in the eurozone came in September 2023.
Why this matters: an international story with cross-border implications worth tracking.
The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns about growth.
https://p.dw.com/p/5FCdi The Frankfurt-based bank was outlining its response to the economic fallout from the conflict in Iran Image: Kirill Kudryavtsev/AFPAdvertisement The European Central Bank has raised interest rates for the first time in nearly three years to counter inflation linked to the Iran war.
Policymakers in Frankfurt lifted the benchmark deposit rate by 0.25 percentage points to 2.25%, ending a long pause after seven consecutive holds at 2.0%.
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