EnergyPremiumECB 25 Basis Point Hike Signals Persistent Energy Inflation
The European Central Bank has initiated its first interest rate hike since 2023, raising rates by 25 basis points to 2.25 percent. Despite a tentative U.S.-Iran peace deal aimed at reopening the Strait of Hormuz, officials warn that energy price shocks will continue to weigh on the eurozone for months.
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