European Central Bank raises key interest rate to 2.5%, warns of persistent inflation from energy shocks

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European Central Bank raises key interest rate to 2.5%, warns of persistent inflation from energy shocks

⚡ Markets: Hawkish hike reinforces global central bank tightening. Initially supportive for EUR, but growth concerns weigh. Bearish for European equities and bonds.EURUSDStoxx 600German Bunds

The ECB hiked its main interest rates by 25 basis points, citing ongoing inflationary pressures exacerbated by rising energy prices from the Middle East conflict. President Christine Lagarde stated the bank anticipates inflation remaining high for a prolonged period and signaled further hikes are possible.

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22 sources across the spectrum

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

West MSMPOLITICO EU — Lagarde brushes off exit gossip as ECB raises rates

Google WestGoogle News (Spain) — El BCE sube tipos al 2,5% y anticipa inflación muy alta durante "un periodo prolongado"

Primary sourceECB — Monetary policy decisions

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

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

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