{"id":2613415,"date":"2026-06-11T13:35:02","date_gmt":"2026-06-11T17:35:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iran-war-inflation-drives-european-central-bank-to-raise-interest-rates\/"},"modified":"2026-06-11T13:35:02","modified_gmt":"2026-06-11T17:35:02","slug":"iran-war-inflation-drives-european-central-bank-to-raise-interest-rates","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iran-war-inflation-drives-european-central-bank-to-raise-interest-rates\/","title":{"rendered":"Iran war inflation drives European Central Bank to raise interest rates"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firan-war-inflation-drives-european-central-bank-to-raise-interest-rates%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2613415&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">The <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/europe\/\" type=\"post_tag\" id=\"81\">European<\/a> Central Bank became the first central bank to raise interest rates over inflation brought by the war with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\/\" type=\"post_tag\" id=\"100\">Iran<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">The bank <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.ecb.europa.eu\/press\/pr\/date\/2026\/html\/ecb.mp260611~4d41bd5e83.en.html\" type=\"link\" id=\"https:\/\/www.ecb.europa.eu\/press\/pr\/date\/2026\/html\/ecb.mp260611~4d41bd5e83.en.html\">announced<\/a> on Thursday that it was raising three key ECB interest rates by 25 basis points to keep inflation under control at 2% in the medium term. The ECB was a natural first mover, as the closure of the Strait of Hormuz has had a much larger effect on Europe than the United States.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4604038\/gas-prices-forty-cents-per-gallon-cheaper-than-a-month-ago\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Gas prices: Forty cents per gallon cheaper than a month ago<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4602614\/state-department-bust-birth-tourism-schemes\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>State Department exposes \u2018birth tourism\u2019 schemes: \u2018A US visa is a privilege, not a right\u2019<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4599237\/sonderling-acting-his-way-to-permanent-role-atop-labor-department\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Sonderling acting his way into permanent role atop Labor Department<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">\u201cThe war in the Middle East is generating inflation pressures, and the decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve and affect the medium-term outlook for the euro area,\u201d a press release from the bank said.<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">The release said that inflation is projected to average 3% in 2026, 2.3% in 2027, and 2% in 2028. The baseline for economic growth was likewise lowered, estimated now 0.8% in 2026, 1.2% in 2027, and 1.5% in 2028.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe full implications of the war for medium-term inflation and growth will depend on the intensity and duration of the energy price shock, as well as the scale of its indirect and second-round effects,\u201d the press release reads.<\/p>\n<p class=\"wp-block-paragraph\">Though gas prices have risen significantly in the U.S., the country has been relatively insulated from the worst economic effects of the war with Iran, largely owing to its lucrative domestic energy market.<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4603223\/producer-prices-inflation-may-iran\/\">PAIN AHEAD: INFLATION SPIKED TO 6.5% IN MAY IN PRODUCER INDEX, HIGHEST SINCE 2022<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">Parts of southern Asia and the Middle East have been catastrophically affected by the Strait of Hormuz blockade, with nations such as Bangladesh facing the possibility of completely running out of fuel.<\/p>\n<p class=\"wp-block-paragraph\">Europe, though not as severely, has taken an economic battering from the war. The continent was already struggling due to the sudden cutoff of cheap Russian gas, on which much of it was reliant. Many countries shifted to Qatar, which has seen its gas exports almost completely cut off due to the war. Energy prices have likewise skyrocketed.<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank became the first central bank to raise interest rates over inflation brought by the war with Iran. The bank announced on Thursday that it was raising three key ECB interest rates by 25 basis points to keep inflation under control at 2% in the medium term. The ECB was a natural<\/p>\n","protected":false},"author":2653,"featured_media":2613416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/AP26160708336804.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2613415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/AP26160708336804.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2613415"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2613416"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2613415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2613415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2613415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}