FRANKFURT, June 11 (Reuters) - The European Central Bank raised interest rates as expected on Thursday, hoping to prevent an Iran war-induced surge in energy prices from broadening out into higher inflation.

The European Central Bank has confirmed it is raising interest rates for the first time in three years, which is expected to result in mortgage repayments increasing for Irish households

The ECB is expected to raise its deposit rate by 25 basis points to 2.25% on June 11, the first hike since 2023, as eurozone inflation tops 3%.

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

FRANKFURT, June 12 (Reuters) - European Central Bank policymakers kept a follow-up rate hike in July on the table on Friday given rapid inflation, but said it was far too early to say if a move would be needed to prevent an Iran war-induced price surge from spreading.

ECB holds deposit facility rate at 2.00% as Lagarde hints at potential rate hikes amid rising inflation. Here's what it means for crypto investors.

The eurozone economy is now expected to grow by 0.8% in 2026 and 1.2% in 2027, down from forecasts of 0.9% and 1.3% issued three months ago, the ECB said following its June policy meeting. The bank slightly raised its 2028 growth forecast to 1.

FRANKFURT, June 12 (Reuters) - The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge from spreading,