ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation
- Posted on June 11, 2026
- By Business News Today
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- 1 min read
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation
The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth projection for the year.
