finance ECB Hikes Rates for First Time in Three Years as Energy-Driven Inflation Surge Prompts Policy Reversal
The European Central Bank raised its deposit rate by 25 basis points to 2.25% on June 11, 2026, responding to 3.2% inflation driven by elevated energy costs. New projections see inflation easing to 2% by 2028, but growth forecast cut to 0.8%.
