On September 10, 2026, the European Central Bank raised interest rates by a quarter point to 2.5%, citing inflation at 3.3 percent in the eurozone. The hike was driven by high oil prices stemming from the Iran war and broader energy market shocks.
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The Iran War continues to push prices up, as Eurozone inflation sits at 3.3%.
The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war.
The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.
European Central Bank raises interest rates a quarter point to quell energy-fueled inflation apnews.com
The European Central Bank raised borrowing costs and warned that inflation could remain high for an extended period. Energy markets and geopolitical tensions are still major concerns.