ECB Rate Decision Live Updates and Christine Lagarde Briefing

The European Central Bank has raised borrowing costs and interest rates to fight high inflation and surging oil prices, providing live updates and a briefing by President Christine Lagarde while warning that economic pressures could persist.

• European Central Bank raised interest rates
• Central bank warns inflation could remain high for an extended period
• The European Central Bank raised interest rates for the second time since the Iran war began
• ECB held a live rate decision update and briefing by Christine Lagarde.