ECB Hikes Rates Again Amid Uncertain Economic Outlook

The European Central Bank (ECB) raised its policy rate by a quarter point to 2.50% on Thursday, seeking to address an energy-driven rise in inflation triggered by the Iran war.

According to ECB President Christine Lagarde, the economic outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth.

Lagarde's comments came after the ECB's policy meeting on Thursday, where it decided to increase its policy rate for the second time this year.