ECB Hikes Interest Rates Again Amid Persistent Inflation
The European Central Bank (ECB) has raised interest rates for the second time since the Iran war started, aiming to combat inflation that is expected to remain above 2%. The deposit rate was increased by a quarter-point to 2.5%.
This move follows the ECB's previous rate hike in response to rising prices, and it indicates a continued effort to control inflationary pressures.