ECB raises euro-area rates as energy shock lifts inflation
The ECB raised all three key rates on September 10, taking effect September 16, as energy costs lift inflation and pressure mortgages, credit and savings.
Euro Area
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ECB Sees Another Rate Hike as Energy and AI Risks Persist
The ECB held rates in July but said another hike may be needed as energy costs, tighter liquidity and AI-related borrowing keep financial risks elevated.
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Euro-Area Inflation Rose to 2.9% in July as Energy Costs Stayed High
Euro-area inflation edged higher in July as energy prices jumped 10.3% from a year earlier. The ECB says more effects could appear in August.
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Euro-Area Banks Tighten Credit as Energy and Geopolitical Risks Raise Lending Bar
Euro-area banks tightened lending standards for businesses and households in Q2, while business-loan demand rose and lenders signaled more tightening ahead.