ECB hikes rates as Iran war adds to inflation angst
The European Central Bank raised interest rates for the second time this year on Thursday, aiming to tame an inflation rise driven by higher energy costs from the Iran war. The euro was steady around $1.161.
The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, aiming to curb inflation that has risen on higher energy costs tied to the Iran war. 161 FX:EURUSD and was a touch lower on the day. The euro zone gover…