The European Central Bank (ECB) has raised its key interest rates to 2.25%, marking the first increase in over three years. This monetary tightening aims to combat rising inflation within the Eurozone. The decision, made today, signals a shift in the ECB’s policy after a prolonged period of low interest rates. It reflects growing concerns about persistent inflationary pressures impacting the European economy. This is the first rate hike since September 20, 2023. Analysts anticipate further rate adjustments in the coming months depending on economic data and the evolution of inflation. The move is expected to impact borrowing costs for businesses and consumers across the Eurozone.