ECB raises interest rates for first time since 2023

WAM
11 Jun 2026, 19:07 GMT+10

BRUSSELS, 11th June, 2026 (WAM) -- The European Central Bank (ECB) has raised interest rates for the first time since 2023, in a move aimed at containing mounting inflationary pressures linked to global developments.

The ECB decided to increase its deposit rate from 2 percent to 2.25 percent, while financial markets are anticipating two additional rate hikes by spring next year.

The decision comes after eurozone inflation rose to 3.2 percent in May 2026, compared with 3 percent in April, reflecting the impact of higher energy prices and the continued rise of oil prices above US$90 per barrel.

The move is widely seen as a pre-emptive effort to curb inflation, particularly following criticism that the ECB was slow to tighten monetary policy during the Ukraine crisis in 2022.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.

More Information

Computers

Section

GHIAL remits Rs 12.28 crore interim dividend to Telangana Government

New Delhi [India], June 11 (ANI): GMR Hyderabad International Airport Limited (GHIAL) on Thursday announced the remittance of an interim...

Assam: New concert hub; ATDC, BookMyShow, EY-Parthenon see 700 cr growth in 5 years

Guwahati (Assam) [India], June 11 (ANI): Once peripheral to India's live entertainment circuit, Assam is fast emerging as one of the...

Tripura CM Manik Saha lauds PM Modi on 12-year milestone, credits HIRA model for North East growth

New Delhi [India], June 11 (ANI): Tripura Chief Minister Manik Saha on Wednesday lauded Prime Minister Narendra Modi, crediting his...

RBI cancels licences of over 130 NBFCs, majority from West Bengal

Mumbai (Maharashtra) [India], June 10 (ANI): The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of...

CGC University, Mohali Unveils "Study in CGC, Work in Japan" Programme: A Transformative Gateway to Global Careers

VMPL New Delhi [India], June 10: The path to a successful career no longer ends at national boundaries, it begins with the courage...

LTM Introduces BlueVerse Currency to Enable Outcome-Based Pricing in the Agentic AI Era

BusinessWire India Mumbai (Maharashtra) [India], June 10: LTM, the Business Creativity partner to the world's largest enterprises,...

Internet

Section

90% work completed, Kumbabishekam on schedule: Minister Ramesh inspects Meenakshi Amman Temple

Madurai (Tamil Nadu) [India], June 11 (ANI): The Hindu Religious and Charitable Endowments (HR&CE) Minister Ramesh conducted a surprise...

How EVs Like VinFast's are Designed to Take on Rainy Season Driving

NewsVoir Gurugram (Haryana) [India], June 11: As India's monsoon season begins, concerns about EV safety often resurface. Here's...

"If deceit, scams were dressed in a shirt and pants that would be N Chandrababu Naidu": YSRCP chief YS Jagan Mohan Reddy lambasts Andhra govt over DSc recruitment

Tadepalli (Andhra Pradesh) [India], June 11 (ANI): YSR Congress Party (YSRCP) president YS Jagan Mohan Reddy on Thursday lambasted...

German TCM apprentice finds living wisdom in Chinese culture

LANZHOU, June 11 (Xinhua) -- On a mountain trail in China, when a young woman suddenly lost consciousness, Joel Mikael Walker acted...

1,500+ Cases and 1,000+ Arrests in Just 72 Hours: Kerala Police Launch India's Biggest Narcotic Hunt Under Operation Toofan

NewsVoir Thiruvananthapuram (Kerala) [India], June 11: The Kerala Police has launched a synchronized anti-narcotics enforcement campaign...

Congress files complaint against BJP's BL Santosh over alleged derogatory remarks against Jawaharlal Nehru

Bengaluru (Karnataka) [India], June 11 (ANI): Congress workers on Thursday lodged a complaint against BJP national general secretary...