The European Central Bank raised its key interest rates by 0.25 percentage points on June 11, 2026, its first rate increase since 2023, as the U.S.-Iran war pushed energy costs sharply higher and drove euro area inflation to 3.2 percent. The deposit facility rate now stands at 2.25 percent, with markets pricing in a roughly 60 percent chance of at least one more hike by year-end. European stock markets welcomed the decision as a sign that the ECB was ready to act decisively against rising prices.
World · Jun 12 · L1-L4