ECB Raises Interest Rates Amid Rising Inflation from Iran Conflict
The European Central Bank increases its main deposit rate from 2% to 2.25% due to rising inflation linked to the war in Iran. Financial markets anticipate two additional rate hikes by spring 2027.
Why it matters
Higher interest rates can lead to increased borrowing costs for Australian households and businesses, affecting mortgages and loans.
Read the full story at The Guardian AU→