ECB Raises Interest Rates, Energy Prices Boost European Inflation

Jakarta – The European Central Bank is taking a hard step. Citing a report by The Guardian, Friday, June 12, the European Central Bank or ECB raised interest rates for the first time since 2023 after the Iran war pushed eurozone inflation.

The eurozone is a group of EU countries that use the euro currency. Inflation in the region rose to 3.2 percent in May 2026, from 3 percent in April. The figure is already above the ECB’s target of 2 percent.

The ECB raised its key deposit rate from 2 percent to 2.25…