The European Central Bank (ECB) raised, this Thursday, interest rates by 0.25 percentage points, setting them at 2.50%. This decision represents another step in the monetary tightening cycle implemented by the European central bank.
Christine Lagarde, president of the ECB, was responsible for announcing and justifying this decision. The ECB president cited the persistent inflationary pressures that continue to affect the European economy as the main reasons for this hike.
Among the factors fueling these inflationary pressures, the article highlights energy prices and the conflict in the Middle East. These two elements are presented as sources of instability that continue to exert pressure on prices in the eurozone.
