ECB Raises Rates for First Time Since 2023

Source: Bloomberg Politics · Bias: Center

Summary

The European Central Bank raised interest rates for the first time in almost three years, concluding it can no longer ignore the upswing in inflation caused by the Iran war. The deposit rate was lifted to 2.25% from 2%. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)

Related Coverage

Daily Analysis

Read the full Parallax Pulse for June 11, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.

More Headlines From June 11, 2026

ECB Raises Rates for First Time Since 2023
Bloomberg Politics

ECB Raises Rates for First Time Since 2023

Center

The European Central Bank raised interest rates for the first time in almost three years, concluding it can no longer ignore the upswing in inflation caused by the Iran war. The deposit rate was lifted to 2.25% from 2%. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)

ECB Raises Rates for First Time Since 2023 | Compare Perspectives | ParallaxNews.io