ECB Plans Two Interest Rate Hikes Amid Inflation Concerns

The European Central Bank (ECB) is set to increase interest rates twice this year, according to a Bloomberg survey. Bloomberg posted on X that the decision comes as the ongoing conflict in Iran contributes to rising inflation pressures. The ECB's move aims to address the economic impact of the war, which has led to increased costs in various sectors. The central bank's strategy reflects its commitment to maintaining price stability in the eurozone. Analysts suggest that these rate hikes are part of a broader effort to curb inflation and stabilize the economy amid geopolitical tensions.