ECB raises deposit rate 25 basis points to 2.50%
The ECB raised its key deposit rate by 25 basis points on Thursday to 2.50%. The decision cited rising inflationary pressures linked to the Middle East war and disruptions to commodity shipments through the Strait of Hormuz, alongside volatile oil price pressures.
Story updates
12:21:13 PM UTC
SquawkNews
The European Central Bank, as widely expected, raised its key deposit rate by 25 basis points on Thursday, as rising inflationary pressures from the Middle East war, disruptions to commodity shipments through the Strait of Hormuz, and a spike in volatile oil prices weighed on the economic outlook.T…
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.