WAM
11 Jun 2026, 19:07 GMT+10
BRUSSELS, 11th June, 2026 (WAM) -- The European Central Bank (ECB) has raised interest rates for the first time since 2023, in a move aimed at containing mounting inflationary pressures linked to global developments.
The ECB decided to increase its deposit rate from 2 percent to 2.25 percent, while financial markets are anticipating two additional rate hikes by spring next year.
The decision comes after eurozone inflation rose to 3.2 percent in May 2026, compared with 3 percent in April, reflecting the impact of higher energy prices and the continued rise of oil prices above US$90 per barrel.
The move is widely seen as a pre-emptive effort to curb inflation, particularly following criticism that the ECB was slow to tighten monetary policy during the Ukraine crisis in 2022.
Get a daily dose of Wisconsin Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Wisconsin Star.
More InformationTEL AVIV, Israel: Benjamin Netanyahu will run for re-election this year, his party said on June 10, after U.S. President Donald Trump...
TOKYO, Japan: A bear that wandered into Utsunomiya, a city just north of Tokyo, and frightened residents was captured on June 9 after...
DUBAI, U.A.E.: Even as the United States carried out airstrikes on Iran early on June 10, and Iran responded by attacking countries...
DUBAI/BEIRUT: Israel carried out an airstrike on the historic port city of Tyre in southern Lebanon on June 9, killing at least eight...
NANYUKI, Kenya: On June 9, Kenyan police used tear gas to break up protesters in the central town of Nanyuki. The protesters were opposing...
BOSTON, Massachusetts: A federal judge has invalidated a $100,000 fee imposed by President Donald Trump on new H-1B visas, ruling that...
(Photo credit: Daniel Kucin Jr.-Imagn Images) The visiting Seattle Mariners might want to be careful with the fastballs they deliver...
(Photo credit: Charles LeClaire-Imagn Images) A dream game years in the making for Tyler Callihan has the host Pittsburgh Pirates...
(Photo credit: Kamil Krzaczynski-Imagn Images) The major-league-leading Atlanta Braves lost three consecutive games in the first...
(Photo credit: David Frerker-Imagn Images) The good start to the season for the Chicago Cubs has devolved into a slide heading into...
(Photo credit: Gregory Fisher-Imagn Images) Jordan Walker entered the season on a mission -- to finally show consistency and become...
(Photo credit: Sam Navarro-Imagn Images) The Miami Marlins will look to extend their winning streak to a season-high five games and...
