The European Central Bank decided to raise interest rates by a quarter of a percentage point, bringing the deposit rate to 2.5%. This decision represents the second interest rate increase in three months by the European institution.
The ECB justifies this measure with the worsening of inflation in the eurozone, which is being fueled by an energy shock. The geopolitical situation related to the war in Iran has contributed to the increase in energy prices in the European region.
The interest rate hike aims to contain inflation that has been accelerating in the eurozone. The European Central Bank faces the challenge of controlling prices without compromising the economic growth of the region.




