The European Central Bank increased its key interest rate by 25 basis points, citing inflation worries linked to the Iran conflict and oil prices above $100 a barrel.
The ECB raised its key interest rate by 25 basis points. The move was driven by inflation concerns stemming from the Iran war and oil prices exceeding $100 per barrel.
The rate decision directly impacts Eurozone borrowing costs, sovereign yields, and currency valuations, with the ECB warning of ongoing upside risks to inflation.
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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