ECB Raises Key Interest Rate to 2.5 Percent

The European Central Bank (ECB) raised its key interest rate for the second time this year, from 2.25% to 2.50%. The decision, announced on Thursday, reflects the bank's ongoing efforts to curb inflation in the eurozone.

The rate hike, which was widely expected by analysts, marks a continuation of the ECB's tightening cycle as it seeks to bring price growth back to its 2% target. The move comes amid persistent inflationary pressures, driven by energy costs and supply