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ECB raises key rates again as war-driven inflation pressure persists

1 min read
Source: European Central Bank
ECB raises key rates again as war-driven inflation pressure persists
Photo: European Central Bank
TL;DR

The ECB’s Governing Council hiked all three key rates by 25 basis points (to 2.25% deposit facility, 2.40% main refinancing, 2.65% marginal lending), citing inflation pressures from the war-related energy shock. Staff project headline inflation averaging 3.0% in 2026, 2.3% in 2027 and 2.0% in 2028, with growth of 0.8%, 1.2% and 1.5% respectively. The move is data‑dependent; APP/PEPP are being unwound and the Transmission Protection Instrument remains available to safeguard policy transmission.

Topics:businesseconomy#economy#energy-prices#european-central-bank#inflation#interest-rates#monetary-policy
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  1. Monetary policy decisions  European Central Bank
  2. ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs  CNBC
  3. With Inflation Bearing Down, Europe Is Facing Higher Interest Rates  The New York Times
  4. ECB set for 'insurance hike' as Iran war fans euro zone inflation  Reuters
  5. ECB Set for First Hike Since 2023 as Prices Soar: Decision Guide  Bloomberg.com

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