The European Central Bank (ECB) raised interest rates by 0.25 percentage points, in a decision widely anticipated by the markets, this Thursday. This was the second time this year that the European central bank proceeded with an interest rate hike.
The measure aims to contain the inflation that has been affecting the European economy. According to the article, inflation is being driven entirely by higher energy costs.
The higher energy costs are pointed out as a consequence of the war involving Iran, which has contributed to the inflationary pressure in the euro area.




