ECB raises interest rates to 2.5% citing energy-driven inflation risks

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ECB raises interest rates to 2.5% citing energy-driven inflation risks

⚡ Markets: The hike was expected, but hawkish commentary reinforces the global 'higher for longer' rates theme. Negative for European bonds and equities. Initially bullish for the Euro, but it fell against the dollar due to relative growth concerns and the dollar's safe-haven bid.EURUSDBund futuresSTOXX 600EGBs

The European Central Bank hiked its key interest rates by 25 basis points, bringing the deposit rate to 2.5%. President Christine Lagarde cited persistent inflation risks, exacerbated by the Middle East energy shock, and signaled that further rate increases are possible.

West MSM 5Primary source 2Financial press 7Google Non-West 3Non-West State 3Google West 4Regional 213 countries

26 sources across the spectrum

Primary sourceECB — Monetary policy decisions

Financial pressWall Street Journal — The ECB Just Raised Interest Rates. Here’s What to Know.

Financial pressFinancial Times — ECB prepares for ‘longer-lasting’ inflation as it lifts interest rates to 2.5%

Financial pressBloomberg — ECB Officials Expect Further Rate Hikes with October in Play

West MSMReuters — ECB raises interest rates to fight off inflation jump

Primary sourceECB — Christine Lagarde, Boris Vujčić: Monetary policy statement (with Q&A)

Financial pressNikkei Asia — ECB raises interest rates as Iran war fuels inflation fears

Google Non-WestGoogle News (Russia) — ЕЦБ повысил ключевые процентные ставки на 0,25%

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