Frankfurt, Germany, June 11, 2026 (AFP) - ECB set to hike interest rates to tame Iran war inflation surge

NAMPA / AFP

2026-06-11

The European Central Bank is set to hike interest rates Thursday for the first time since 2023 as the Iran war fuels inflation, despite concerns the move could hit growth in the struggling eurozone. It would make the ECB the first of the world's major central banks to lift borrowing costs in response to the energy shock unleashed by the US-Israeli war against Iran. Eurozone inflation has been accelerating as key oil transit route the Strait of Ho......

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Business & Finance News

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