ECB Hikes Interest Rates to 2.5%

The European Central Bank (ECB) has raised interest rates to 2.5% in its latest move to combat inflation.

This decision marks a significant increase from the previous rate of 1.5%, with many economists expecting further hikes in the coming months.

The ECB's decision is aimed at controlling inflation, which has been rising due to various economic factors, including the ongoing energy crisis and supply chain disruptions.