Europe's Central Bank Raises Rates to Fight Inflation From Iran War, the Fed to Decide Next Week

ECB raises rates to tackle inflation surge

The European Central Bank has raised interest rates for the first time in nearly three years to counter inflation linked to the Iran war. Policymakers in Frankfurt lifted the benchmark deposit rate by 0.25 percentage points to 2.25%, ending a long pause after seven consecutive holds at 2.0%. The last rate hike in the eurozone came in September 2023. Higher rates typically make borrowing more expensive for households and businesses, helping to cu…

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

FRANKFURT, Germany (AP) — The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices.

Europe's central bank raises rates to fight inflation, the Fed to decide next week

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

Iran strikes rattle ASX, oil prices

US military strikes on Iranian targets have sent oil prices surging and dragged the ASX lower, as traders brace for further Middle East escalation.

Market close: Middle East unrest and inflation worries push NZ shares lower

New Zealand’s sharemarket closed lower as concerns over the United States-Iran conflict combined with inflation worries and jitters from a Nasdaq tech...

Middle East crisis live: US and Iran trade strikes again, after Trump warns Tehran will ‘pay the price’ for stalled talks

US launches second round of airstrikes on Iran, and Tehran responds by targeting Bahrain, Kuwait and JordanUS strikes Iran for second day, as ceasefire appears close to collapseWelcome to our live coverage of the conflict in the Middle East.The US has launched a second round of airstrikes, after Donald Trump warned that Tehran would “pay the price” for stalled negotiations, and Iran responded with strikes targeting Bahrain, Kuwait and Jordan.US …