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FILE. The Euro sculpture stands in front of the European Central Bank building in Frankfurt, Germany, June 2014

Economy

Video. ECB raises rates to 2.5% as energy costs bite

Updated: 10/09/2026 - 14:24 GMT+2

The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.

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