ECB lifts deposit rate to 2.5 percent as inflation outlook remains sticky

The ECB raised its deposit rate to 2.5% in an unusually held Berlin meeting, attributing sticky inflation to energy shocks from the Iran conflict and Strait of Hormuz disruptions. This move aligns with broader global pressures, as US inflation remains elevated at 3.7% ahead of the Federal Reserve's September decision.
According to GN markets/inflation (en-US), the ECB held this meeting in Berlin rather than its usual Frankfurt headquarters, while citing the Iran conflict as the primary driver behind oil prices breaching $100 per barrel. The report also notes that Fed Chair Kevin Warsh has signaled potential further action to combat US inflation, which currently stands at 3.7%.
Source: GN markets/inflation (en-US)The European Central Bank raised its key rate by 25 basis points, citing persistent inflation risks from energy markets.
Source: GN markets/policy (en-US)






