Europe Intelligence Brief — Thursday, September 10, 2026
Rio Times · Europe Intelligence Brief September 10, 2026 Europe Intelligence Brief — Thursday, September 10, 2026 Europe & Russia Intelligence Brief — Thursday, September 10, 2026 Key Facts The hike. The European Central Bank raised its deposit rate by a quarter of a percentage point to 2.50 per cent at a governing council meeting held in Berlin on Thursday, the second increase of the year, with…
The European Central Bank increased its deposit rate by 0.25 percentage points to 2.50% during a governing council meeting in Berlin on Thursday, marking the second rate hike of the year. Euro-area inflation stood at 3.3% in August, while energy inflation reached 14.3%. In a separate development, Volkswagen and its works council reached an agreement, which will result in the elimination of 100,000 jobs by the end of the decade.
This represents the most significant workforce reduction in the company's history as European carmakers grapple with the energy shock. Meanwhile, in Serbia, former President Aleksandar Vučić stepped down from office and declared his intention to run for prime minister. A parliamentary election is scheduled for October 25th.
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