ECB Hikes Rates Again Amid Ongoing Iran Conflict

The European Central Bank (ECB) has taken another step to combat inflation, raising interest rates by a quarter-point to 2.5%. This move is aimed at addressing the economic impact of the war in Iran.

The decision was widely anticipated by markets and follows a similar hike since the conflict began.

ECB President Christine Lagarde has been leading the bank's efforts to manage inflation, which has increased due to various factors including global events.