European Central Bank raises interest rates by 0.25% to 2.5% citing energy-driven inflation

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European Central Bank raises interest rates by 0.25% to 2.5% citing energy-driven inflation

⚡ Markets: The hike was expected, but the hawkish tone acknowledging energy shocks suggests a higher tolerance for economic weakness to fight inflation. Bearish for European equities and bonds; potentially supportive for the Euro.EURUSDEU Stoxx 50German Bunds

The ECB hiked its key interest rate by 25 basis points to 2.5%, its second increase this year, to combat persistent inflation. President Lagarde warned that the European economy faces further price shocks driven by soaring energy costs from the Middle East conflict.

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15 sources across the spectrum

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

Primary sourceECB — Monetary policy decisions

West MSMAP — European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

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%

Non-West StateDaily Sabah — ECB hikes rates again to combat Middle East energy shock

West MSMDer Spiegel — Inflation und EZB: Christine Lagarde warnt vor weiteren Preisschocks in Europa

Google WestGoogle News (Spain) — El BCE sube los tipos de interés al 2,5 % y deja abierta otras subidas

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