The European Central Bank raises eurozone interest rates as the Iran war stokes inflation.
11 June 2026
The ECB has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.
The bank raised its main deposit rate from 2% to 2.25% and financial markets are pricing in two more rises by next spring.
Eurozone consumer price inflation rose to 3.2% in May 2026, up from 3% in April.
The bank raised its main deposit rate from 2% to 2.25% and financial markets are pricing in two more rises by next spring.
Eurozone consumer price inflation rose to 3.2% in May 2026, up from 3% in April.