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ECB prepares for ‘longer-lasting’ inflation as it lifts interest rates to 2.5%

Central bank’s president Christine Lagarde warns price shock driven by Middle East conflict will persist well into 2027

ECB prepares for ‘longer-lasting’ inflation as it lifts interest rates to 2.5%

Key Highlights

  • Central bank’s president Christine Lagarde warns price shock driven by Middle East conflict will persist well into 2027
  • Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
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