The European Central Bank raised interest rates for the second time this year. This decision represents another effort by the ECB to control inflation in the eurozone.
The measure directly affects borrowing costs throughout the European region, impacting both companies and consumers.
The crisis in the Strait of Hormuz emerges as a factor of uncertainty that may influence future decisions by the central bank.
If the situation in the Strait of Hormuz worsens, we could see another interest rate hike as early as December.
