15 Hrs
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الاقتصادية
ECB plans first rate hike since 2023
The European Central Bank has moved toward raising interest rates for the first time since 2023 to contain inflation, which has exceeded 3% and threatens economic stability, amid rising energy prices resulting from the war with Iran. It is expected that the bank will raise the deposit rate to 2.25%, with potential future increases anticipated over the year, in an attempt to restore credibility and curb inflation expectations despite weak economic growth. Some entities warn that monetary tightening could be a mistake, especially given the declining economic conditions and the increasing pressures caused by rising energy prices.
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