ECB Raises Rates for First Time in Three Years, Blaming Iran War Energy Shock
🏦 ECB — First rate hike in three years, and the war is the reason. 📌 LOOK CLOSER: ECB raising rates for the first time since 2023 means the war's energy shock has embedded into euro inflation — forcing institutional response. Like Warsh, Lagarde faces a supply shock rate hikes can't fix at source. Higher borrowing costs slow growth without reopening Hormuz. Southern European governments with heavy debt loads get hit hardest.
