ECB raises deposit rate to 2.5% as widely expected
The European Central Bank increased the deposit rate to 2.5% in its Thursday policy decision. eToro analyst Lale Akoner said the move protects against energy prices extending into wages and services prices.
5% at Thursday's policy decision, in line with broad expectations. eToro's Lale Akoner said the move helps guard against high energy prices feeding through into wages and services prices.