ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation

Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’ Business live – latest updates The European Central Bank has raised interest rates to 2.

5% and warned that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East. It came as government borrowing costs soared on…