The European Central Bank raised its key interest rate to 2.25 percent on June 11, 2026. It is the first hike since 2023. The ECB also lowered its growth forecast for the eurozone.
The ECB reacted to the consequences of the Iran war. ECB President Christine Lagarde stressed that the decision was unanimous. She left open whether further steps would follow.
Lagarde said the council would continue to decide meeting by meeting. Economists do not see the hike as the start of a new rate increase cycle.
Some experts consider another increase possible in September. Others expect the rate to remain at 2.25 percent.
