Euronews
Europe · 2 hrs ago
ECB raises interest rates for the first time in three years as Iran war fuels inflation
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ECB raises interest rates for the first time in three years as Iran war fuels inflation
The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.
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