Europe Raises Interest Rates as War Stokes Inflation NYT - Top Stories By: Eshe Nelson 11 June 2026 at 13:31 The European Central Bank raised interest rates for the first time since 2023. It expects inflation to run hotter than previously thought, and downgraded its forecast for economic growth. © Samuel Aranda for The New York TimesThe European Central Bank is expected to raise its forecast for inflation as the war pushes prices higher.
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