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ECB Raises Rates to 2.50%, Lifts 2026 Inflation Forecast

By Drooid · Sep 11, 2026, 9:11 AM UTC · How we work

Summary

Italy Extends Diesel

Italy extended a temporary 17-cent per litre diesel excise-duty cut to ease rising fuel costs.
Brent crude closed at $101.21 a barrel, its highest since May, after Iran-US attacks disrupted Hormuz shipping.
The European Central Bank raised its policy rate to 2.50% and lifted the 2026 inflation forecast to 3%.
U.S. bond yields rose toward 5%, pushing Australia’s 10-year rate to 5.38% and sparking market concerns.

Summary

Iran hikes

Iran raised petrol price to 100,000 rials per litre for consumption above 110 L, affecting ~15 % of users.
The rial fell to a record low of over 2.2 million per dollar after the price hike.
Taxi driver Hossein said higher fares make passengers walk or take the subway.
Commuter Ma'soomeh reported cutting car trips because stagnant pay cannot cover higher fuel costs.
Speaker of Parliament Mohammad Bagher Ghalibaf urged gasoline conservation, blaming industry overconsumption.

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Italy Extends Diesel

Italy extended a temporary 17-cent per litre diesel excise-duty cut to ease rising fuel costs.
Brent crude closed at $101.21 a barrel, its highest since May, after Iran-US attacks disrupted Hormuz shipping.
The European Central Bank raised its policy rate to 2.50% and lifted the 2026 inflation forecast to 3%.
U.S. bond yields rose toward 5%, pushing Australia’s 10-year rate to 5.38% and sparking market concerns.

1 / 2