Event Brief
UPDATED Sep 10, 2026 at 6:09 PM ET
Sep 10, 2026 at 10:10 AM ET
ECB raises deposit rate to 2.5% amid higher inflation
By The BriefBrief
The European Central Bank raised interest rates by 0.25 percentage points, lifting its deposit rate to 2.5%. The move is linked to an energy shock driven by the Iran war that has pushed eurozone inflation higher, prompting a second hike in three months.
WHO: European Central Bank (ECB)
WHAT: Raised interest rates by 0.25 percentage points, increasing the deposit rate to 2.5%
WHEN: Reported Sep 10, 2026 at 8:24 AM ET
WHERE: Eurozone
WHY: Eurozone inflation has risen due to an energy shock driven by the Iran war.
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