War in Iran and Inflation: ECB Raises Rates to 2.25% for the First Time in 7 Meetings
📉 The ECB has raised rates to 2.25% for the first time in 7 months — a reaction to the war in Iran and rising prices. Inflation in the eurozone reached 3.2%, and the Strait of Hormuz is almost closed. Christine Lagarde: "We are ready for difficult times". 💸 Loans are getting more expensive, but deposits are becoming more profitable. #ECB #Inflation #WarInIran #EuropeanEconomy
Read more →