ECB raises interest rates to 2.5% and raises concern over Iran war is fuelling inflation

The Guardian — Business has reported on “ECB raises interest rates to 2.5% and raises concern over Iran war is fuelling inflation,” presenting it as the central development in the source material available for this brief.

Borrowing costs climb in Europe and oil tops $105 a barrel as bank flags growing price pressures in eurozone Business live – latest updates The European Central Bank has raised interest rates to 2.5% and raised concerns about that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East. The report also notes that It came as the interest rate on government bonds soared on a jump in oil and gas prices overnight following the latest US and Iran attacks on ships in the strait of Hormuz.

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