ECB raises rates by a quarter point as energy prices keep inflation high
The European Central Bank lifted its deposit rate to 2.50% on 10 September and now expects inflation to average 2.1% in 2028, still just above its target.
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The European Central Bank lifted its deposit rate to 2.50% on 10 September and now expects inflation to average 2.1% in 2028, still just above its target.
Eurostat's flash estimate showed energy prices 14.3% higher than a year earlier, while services inflation eased to 3.0%.