ECB raises interest rates to 2.5% amid warning Iran war is fuelling inflation

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Guardian Business

ECB raises interest rates to 2.5% amid warning Iran war is fuelling inflation

Borrowing costs soar in Europe and oil tops $105 a barrel as bank flags mounting price pressures in eurozone Business live – latest updates The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East. It came as government bonds soared on a jump in oil and gas prices overnight after the latest US …