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 energy costs linked to Middle East tensions, drove the move and led it to raise its 2026 and 2027 inflation projections.
The increase is the ECB's first rate hike since 2023, signaling a return to tighter policy after a prolonged pause. Policymakers said future decisions will remain data-dependent and taken meeting by meeting, while uncertainty persists around both inflation risks and the economic growth outlook.
From the sources (6 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