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  1. ECB Lifts Rates to 2.50% as Middle East Conflict Locks

    Global MarketsThe European Central Bank's Governing Council, under President Christine Lagarde, raised its deposit rate a quarter point to 2.50% on 10 September 2026 — its second hike since the Middle East conflict lifted energy costs — with inflation projected at 3.0% for 2026. Gulf Cooperation Council currencies stay dollar-pegged, not euro-pegged; the read-through is oil, not rate transmission.
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