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ECB Raises Interest Rates to Fight Off Inflation Jump
The bank said Middle East conflict is keeping inflation pressures high and lifted its 2026 growth forecast to 0.9%.
- On Thursday, September 10, 2026, The European Central Bank raised its three key interest rates by 25 basis points in Berlin, marking the second rate increase this year.
- Amid intensified fighting between Washington and Tehran, Brent crude traded above $100 a barrel, prompting The Governing Council to cite persistent inflation pressures from the Middle East conflict.
- Annual inflation in the 21 European Union member states rose to 3.3 per cent in August, while New staff projections maintain headline inflation at 3 per cent this year and core inflation eased to 2.4 per cent.
- From September 16, the deposit facility rate will rise to 2.5 per cent, with ECB President Christine Lagarde stating the decision was "robust on all three accounts" and inflation is "set to remain well above target for an extended period."
- Investors priced in further increases as Germany's two-year bond yield rose to 3.19 per cent, its highest in almost three years, while The ECB said it will decide meeting by meeting without committing to any particular rate path.
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(London=Yonhap News) Correspondent Kim Ji-yeon = The European Central Bank (ECB) lowered its three major policy interest rates to 0.25% on the 10th (local time) in response to rising prices, including energy prices...
·Seoul, Korea (the Republic of)
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3.7% drop for mining companies
<p style="margin-bottom:11px">Shrikesh Laxmidas, deputy director of the Eco newspaper, analyses the impact of the second increase in the European Central Bank's interest rates.</p>
·Portugal
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Total News Sources11
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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