{
  "id": 6611581,
  "title": "ECB Raises Interest Rates to Fight off Inflation Jump",
  "url": "https://urgent.news/2026/09/10/ecb-raises-interest-rates-to-fight-off-inflation-jump-6611581",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T16:38:14.000Z",
  "source": {
    "name": "Tempo.co English",
    "slug": "tempo-co-english",
    "url": "https://en.tempo.co/read/2119356/ecb-raises-interest-rates-to-fight-off-inflation-jump"
  },
  "original_language": "en",
  "account": "The European Central Bank (ECB) raised interest rates on Thursday in an effort to combat rising inflation, which has been driven by higher energy costs resulting from the conflict between the US and Iran. This marks the second increase the ECB has implemented this year. Inflation in the 21-country eurozone has surpassed the 2% target and now stands at 3%, according to the ECB. The outlook for inflation remains uncertain, with risks to both the upside and the downside of economic growth, the bank stated after its annual meeting in Berlin.\n\nThe ECB also projected a slight growth of 0.9% for 2026, up from 0.8% in June. Inflation is expected to average 3.0% this year and 2.5% in 2027. However, without a resolution to the US-Israel conflict with Iran, energy costs continue to rise, contributing to persistent inflation. There are also concerns about gas storage levels, which remain below historical norms as the winter heating season approaches.\n\nThe economic outlook remains uncertain due to the ongoing conflict in the Middle East, which continues to generate inflation pressures. According to the ECB, inflation is likely to remain well above target for an extended period. Countries in the eurozone will face higher costs for mortgages, consumer credit, and loans, as a result of another rate hike. There has been little evidence that eurozone inflation is being passed through to higher prices for food, goods, or services.\n\nExperts warn that the ECB is concerned about raising rates too slowly, a situation that occurred last year following Russia's full-scale invasion of Ukraine. Sylvain Broyer, chief economist for Europe, the Middle East, and Africa at S&P, noted that supply shocks are multiplying, and it is increasingly likely that demand is also contributing to inflation.",
  "summary": "The European Central Bank raised borrowing costs and warned that inflation could remain high for an extended period.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "ECB raises interest rates to fight off inflation jump",
        "url": "https://urgent.news/2026/09/10/ecb-raises-interest-rates-to-fight-off-inflation-jump",
        "published": "2026-09-10T13:15:00.000Z"
      },
      {
        "outlet": "DW News",
        "title": "ECB raises interest rates to fight off inflation jump",
        "url": "https://urgent.news/2026/09/10/ecb-raises-interest-rates-to-fight-off-inflation-jump-6590334",
        "published": "2026-09-10T13:39:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}