ECB Raises Rates To 2.5%
The ECB lifted rates to 2.5%, warning the Iran war could keep inflation elevated.
September 10, 2026 · Updated Sep 10, 7:03pm ET
The GuardianECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
CNBCEuropean Central Bank hikes interest rates to 2.5% as policymakers see risk of higher inflation, weaker growth
The American ConservativeEuropean Central Bank Again Raises Interest Rates Amid Iran War
SemaforECB hikes interest rates amid inflation risks
Epoch TimesEuropean Central Bank Raises Interest Rates—Here’s What to Know
Associated PressEuropean Central Bank raises interest rates a quarter point to quell energy-fueled inflation
BBC NewsAre interest rates on their way up again?
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What happened
The European Central Bank raised its key deposit rate by 25 basis points to 2.5% at its Sept. 10 policy meeting, the second increase since June. Officials said inflation risks had risen as the war involving Iran drove energy prices higher, with Brent crude topping $105 a barrel and eurozone inflation at 3.3%, above the ECB’s 2% target. The ECB also signaled a weaker growth outlook as European bond yields reached multi-decade highs. The move focused attention on the Federal Reserve, with markets pricing a 64% to 70% chance of a U.S. rate increase next week.
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