The European Central Bank (ECB) raised interest rates again at its meeting on September 10th: the deposit rate was increased to 2.5%, the main rate to 2.65%, and the marginal lending rate to 2.9%. Why did the ECB choose to further cool down an already sluggish economy? To combat rising global prices for oil, natural gas, and other commodities. The ECB may continue to raise rates in the future. Source: Политэкономия - Колташов I wonder if they hired Chubais with his motto