Summary
The European Central Bank has increased interest rates to 2.5% and warned that the risk of higher inflation has grown due to renewed conflict in the Middle East. This decision comes as oil prices surged past $105 a barrel following recent US and Iran attacks on ships in the Strait of Hormuz.
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ECB's Kaasik Says Market Expectations for More Rate Hikes Are Understandable
14 Sept 2026, 4:46 pm · News
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