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وكالة الانباء الاردنية
ECB increases rates amid inflation
The European Central Bank raised interest rates by a quarter of a percentage point today, Thursday, bringing the deposit rate to 2.5 percent. This comes amid an energy shock resulting from Iran's war, which has led to increased inflation in the Eurozone, marking the second such move in three months. This follows August's inflation rate rising to 3.3 percent from 2.9 percent in July, the highest since September 2023. The bank explained that the situation in the Middle East continues to generate inflationary pressures, with inflation expected to remain above the target for an extended period. It emphasized that the decision reflects its readiness to respond to the uncertainty caused by the conflict.
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