
Live blog on the most important decisions of the European Central Bank
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The ECB is adapting its monetary policy to the current inflation situation and growth forecasts in the euro area.
Leonidas Exucidis
The most important decisions from Thursday:
ECB increases key interest rate in the euro area to 2.5 percent.
Central Bank expects more growth and higher inflation.
Bond yields reach new multi-year highs.
Leonidas Exucidis
Hello and welcome to the live blog. As usual, we will take you through the most important statements by ECB President Christine Lagarde.

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The ECB has increased the deposit rate from 2.25 to 2.5 percent. The reason is the ongoing inflationary pressure from the Iran conflict and rising energy prices. The decision was made at a council meeting in Berlin, hosted by the Deutsche Bundesbank.

The ECB has raised interest rates for the second time this year to counteract inflation of 3.3 percent in the euro area. The triggers are the Iran war and skyrocketing energy prices. Experts see an impact on loans and savings interest rates.

The European Central Bank raised its key interest rate by 0.25 percentage points to 2.5 percent. The aim is to combat high inflation, which is being fueled by rising energy prices as a result of the Iran war.

The European Central Bank increases the deposit rate to 2.50 percent to combat inflation of 3.3 percent. ECB boss Lagarde is reacting to the oil price shock caused by the Iran conflict and the ongoing price pressure in the euro area.

ECB Director Isabel Schnabel is calling for further interest rate hikes as inflation exceeds the two percent target due to rising oil and gas prices. Geopolitical tensions in the Middle East are weighing on energy exports and driving up prices.