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ECB Hikes With Lagarde Warning That Inflation Risk Is Spreading - BLOOMBERG
By Jana Randow and Alexander Weber
The European Central Bank raised interest rates for the first time in almost three years, with President Christine Lagarde warning inflation triggered by the Iran war is widening beyond just energy.
The deposit rate was lifted to 2.25% from 2%, as anticipated by economists and investors who foresee another quarter-point move in September. The ECB reiterated it won’t pre-commit but said it remains well positioned to navigate the current unpredictability.
