21 Hrs
Source:
اقتصاد سكاي نيوز عربية
EUR Central Bank to hike rates again
It is expected that the European Central Bank will raise interest rates for the first time since 2023 due to rising inflation in the Eurozone, which reached 3.2% in May, up from 1.9% in February. The decision aims to curb inflation, which has been mainly driven by higher oil prices and energy costs resulting from the war in Iran. Meanwhile, the bank has been maintaining a deposit rate of 2% since mid-2025. The bank's decision will be announced today after the Governing Council meeting, as inflation continues to pressure the weak European economy due to the war's repercussions.
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