ECB raises eurozone interest rates as Iran war stokes inflation

<p>European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/jun/11/ryanair-investigation-seating-children-eurozone-interest-rates-middle-east-oil-uk-housing-live-news-updates">Business live – latest updates</a></p></li></ul><p>The European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.</p><p>The ECB raised its main deposit rate from 2% to 2.25% in a move that financial markets expect to be the first of three rises by next spring.</p> <a href="https://www.theguardian.com/business/2026/jun/11/ecb-eurozone-interest-rates-iran-war-inflation">Continue reading...</a>

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