dpa Frankfurt European Central Bank (ECB) executive board member Isabel Schnabel on Thursday suggested the bank was likely to continue raising key interest rates in a bid to bring down inflation, after having hiked rates for the first time since 2023 earlier this month in response to the Iran war. »»»

(June 13): Prices are likely to stay elevated for longer even if the war in Iran were to end soon, Bundesbank president Joachim Nagel said in an interview with Deutschlandfunk. “We may not even get back to building on the data we had before this conflict, because supply chains have obviously change»»»

In two weeks, the European Central Bank will meet again, and a rate hike is starting to look close to a done deal. Back at the last meeting, ECB President Christine Lagarde added a touch of conditionality, stressing that higher energy prices showed some indirect effects but definitely no second-rou»»»

The European Central Bank (ECB) kept its key interest rate unchanged at 2% on Thursday, joining the global peers as it warned that the ​war in Iran was clouding the outlook for growth and inflation in the eurozone. Oil and gas prices have jumped since the U.S.-Israeli attacks on Iran began, raising»»»