ECB Raises Rates 25 Basis Points in First Hike Since 2023 as Inflation Pressures Return
The European Central Bank raised all three key interest rates by 25 basis points, lifting the deposit facility to 2.25%, the main refinancing rate to 2.40% and the marginal lending facility to 2.65%. The ECB said renewed inflation pressures, including higher energy costs linked to Middle East tensions, prompted the move and led it to raise its 2026 and 2027 inflation projections.
The increase was widely expected and marks the ECB's first rate hike since 2023. President Christine Lagarde said the decision was "robust across a range of scenarios" for how the current shock could evolve and affect the euro area's medium-term outlook, while policymakers said future decisions would remain data-dependent and taken meeting by meeting.
From the sources (9 posts)
@deitaoneECB RAISES RATES 25BP AS INFLATION OUTLOOK LIFTS ECB raised all three key interest rates by 25 basis points, lifting the deposit facility to 2.25%, refinancing rate to 2.40%, and marginal lending facility to 2.65%. The central bank cited r
@stockmktnewzThe European Central Bank 🇪🇺 just raised its interest rates by 0.25% This is the ECB's first interest rate hike since 2023
@kobeissiletterBREAKING: The European Central Bank officially hikes interest rates by 25 basis points, citing renewed inflation amid the Iran War. This marks the first major central bank interest rate hike since 2023. Rate hikes are officially back.
@julientechinvstDe quoi aller bien chercher la récession, bravo les gars
@hedgeyeBREAKING: The ECB hikes 25 basis points, the first major central bank rate increase since 2023.
@unusual_whalesThe European Central Bank has become the first central bank in the G7 to increase borrowing costs in response to the Middle East energy shoc
@tftc21The European Central Bank raised interest rates by 25 basis points. ECB President Lagarde says the decision is "robust across a range of scenarios" for how the current shock might evolve and affect the medium-term outlook for the euro are
@ecbThe Governing Council decided to raise interest rates by 25 basis points. This decision is robust across a range of scenarios mapping how the current shock might evolve and affect the medium-term outlook for the euro area, says President @
@reutersbizVIEW ECB raises interest rates, as widely expected