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ECB Raises Interest Rates to Fight Off Inflation Jump
The bank said Middle East conflict is keeping inflation pressures high and lifted its 2026 growth forecast to 0.9%.
- On Thursday, The European Central Bank raised its three key interest rates by 25 basis points in Berlin, marking the second rate increase this year.
- Amid intensified fighting between Washington and Tehran, Brent crude traded above $100 a barrel, prompting The Governing Council to cite persistent inflation pressures from the Middle East.
- Annual inflation in the 21 European Union member states rose to 3.3 per cent in August, while core inflation eased to 2.4 per cent from 2.5 per cent.
- From September 16, the deposit facility rate will rise to 2.5 per cent, with ECB President Christine Lagarde stating the decision was "robust on all three accounts."
- Germany's two-year bond yield rose to 3.19 per cent, its highest in almost three years, as Investors priced in further rate increases; The ECB will decide meeting by meeting without committing to a specific path.
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(London=Yonhap News) Correspondent Kim Ji-yeon = The European Central Bank (ECB) lowered its three major policy interest rates to 0.25% on the 10th (local time) in response to rising prices, including energy prices...
·Seoul, Korea (the Republic of)
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The rate on deposit facilities was increased from 2.25 to 2.50 percent, the rate on main refinancing operations from 2.40 to 2.65 percent, and the marginal credit rate from 2.65 to 2.90 percent. The new rates will apply from September 16. According to new projections by European Central Bank experts, average inflation in the Eurozone should be three percent this year, 2.5 percent in 2027 and 2.1 percent in 2028. Inflation excluding food and ener…
3.7% drop for mining companies
Coverage Details
Total News Sources12
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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