European Central Bank increases key interest rates by 25 basis points

The European Central Bank's Governing Council has decided to raise its three main interest rates by 25 basis points following its June policy meeting. This adjustment brings the main refinancing operations rate to 2.4%, the marginal lending facility rate to 2.65%, and the deposit facility rate to 2.25%. ECB President Christine Lagarde is scheduled to hold a press conference to provide further details and discuss updated, upwardly revised inflation forecasts.