55 Days
Source:
الوئام
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ECB increases rates again this year
The European Central Bank raised interest rates for the second time this year to tackle rising inflation caused by increased energy costs linked to the Iranian war. The bank decided to raise the main deposit rate to 2.5%, reaching the upper limit of the neutral range that does not impact economic growth. This move comes after inflation exceeded 3% last month, surpassing the 2% target, with forecasts of inflation rising to 3% in 2026 before falling to 2.5% in 2027. At the same time, growth forecasts for 2026 were revised up to 0.9%, amidst ongoing inflationary pressures and risks of economic growth deterioration.
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