ECB lifts rates 25 bps and nudges projections higher amid persistent energy pressures

On 10 September, the ECB raised key rates by 25 bps (deposit facility 2.50%, main refi 2.65%, marginal lending 2.90%) and revised growth and inflation projections modestly higher. The Governing Council cited persistent inflation, notably from energy, and retained a meeting‑by‑meeting stance.