The ECB raises its rates to face the war in the Middle East
⚡ Quick Summary
To curb inflation at 3.2% in the euro zone in May, the ECB announced raising its rates by a quarter of a point on Thursday June 11.
To curb inflation at 3.2% in the euro zone in May, the ECB announced raising its rates by a quarter of a point on Thursday June 11. While this increase is considered precipitous, the Frankfurt institution fears an inflationary spiral.
🗞️ 4 sources covered this story
“Genocide yourself!” : exchange of arms between Erdogan and Netanyahu in the Middle East
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War in the Middle East: the world economy severely penalized, inflation accelerates
Le FigaroThe ECB raises rates to nip inflation in the bud
BoursoramaThe European Central Bank leads the way and raises rates because of the Middle East
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