3 articles from The Guardian Business, CNBC, Euronews.
Borrowing costs climb in Europe and oil tops $105 a barrel as bank flags growing price pressures in eurozone Business live – latest updates The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher inflation over the next year has risen…
The central bank is contending with rising prices, the consequences of the U.S.-Iran war, and surging government borrowing costs.
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures…
