ECB hints at fluid interest rate path as Iran war fuels inflation uncertainty

The European Central Bank has raised interest rates by 25 basis points in its first hike since 2023, hitting borrowers across the Eurozone, but officials warn that the timing and scale of future moves remain completely up in the air.

ECB President Christine Lagarde indicated that everything depends on the duration and intensity of the war in Iran. She said that uncertainty is so high that the Governing Council will make decisions step-by-step and meeting by meeting....