Berlin, Sept 10, 2026 (AFP) - ECB hikes borrowing costs to combat Mideast energy shock

NAMPA / AFP

2026-09-10

The European Central Bank raised interest rates Thursday for the second time this year as renewed fighting in the Middle East sends energy prices soaring, threatening to push widespread inflation higher. As widely expected, the central bank for the 21 eurozone nations lifted its benchmark rate a quarter percentage point to 2.5 percent, its highest level since March last year. It was the ECB's second increase this year after policymakers lifted bo......

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SWAKOPMUND, 10 September 2026 - (l-f)Chief Executive Officer of Namibia Hydrogen Fund Managers Mercia Geises, Interim CEO at Daures Fertiliser Martin Nambundunga and European Union Ambassador to Namibia Ana Beatrice Martins during the signing of the funding to advance the Green Fertiliser Project. (Photo by: Isabel Bento) NAMPA

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WINDHOEK, 09 September 2026 - NHP representatives and journalists from various media houses at the NHP media engagement session held in Windhoek on Wednesday. (Photo: Contributed)

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WINDHOEK, 09 September 2026 - Minister of Industries, Mines and Energy Modestus Amutse (second from left sitted)) pictured with delegates at the Second International Conference on Finance and Sustainable Business (ICFSB 2026) hosted at NUST's Harold Pupkewitz Graduate School of Business on Wednesday. (Photo: Contributed) NAMPA.

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WINDHOEK, 09 September 2026 - Young Warriors goalkeeper Micheni Kavendjii during the Under-20 national team announcement ahead of the Confederation of Southern African Football Associations (COSAFA) Under-20 Championship in Mozambique. (Photo: Hesron Kapanga) NAMPA

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WINDHOEK, 09 September 2026 - Young Warriors head coach Lucky Shipanga (right) and team goalkeeper Micheni Kavendjii during the Under-20 national team announcement ahead of the Cosafa Under-20 Championship in Mozambique. (Photo: Hesron Kapanga) NAMPA

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WINDHOEK, 09 September 2026 - Young Warriors head coach Lucky Shipanga (right) and team goalkeeper Micheni Kavendjii during the Under-20 national team announcement ahead of the Confederation of Southern African Football Associations (COSAFA) Under-20 Championship in Mozambique. (Photo: Hesron Kapanga) NAMPA

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WINDHOEK, 02 September 2026 - Minister of Finance, Ericah Shafuda, addresses members of the public during the Creative, Sport and Tourism Expo that was held at the Hage Geingob Rugby Stadium in Windhoek. (Photo: Hesron Kapanga) NAMPA

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WINDHOEK, 02 September 2026 - Minister of Finance, Ericah Shafudah, addresses members of the public during the Creative, Sport and Tourism Expo, that was held at the Hage Geingob Rugby Stadium in Windhoek in September 2026. (Photo: Hesron Kapanga) NAMPA

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