ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
The European Central Bank has increased its policy rate by 25 basis points to 2.25%. It has also increased its main refinancing operations rate and its marginal lending facility by the same amount, to 2.4% and 2.65% respectively.
Following the governing council’s two-day meeting on June 10–11, ECB president Christine Lagarde announced the decision at a press conference in Frankfurt. The bank had previously held the rates steady since June 2025.
Lagarde said the council had reached the decision
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