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The ECB is raising interest rates again as the Iran war keeps pushing inflation higher

Photo: Yahoo Finance

What happened

The ECB raised its deposit rate to 2.5% on Thursday, its second hike since the U.S.-Iran war sent energy prices surging

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on Yahoo FinanceYahoo Finance
  2. Quartz started reportingQuartz

Sources