Europe
ECB raises rates to 2.5% as Middle East conflict fuels energy inflation
A quarter-point increase was expected, but the bank's hawkish tone on persistent energy price pressures rattled bond markets already hit by surging oil and gas costs.
Person
David Rees
Head of global economics, Schroders
Coverage 2 articles
Politics
Welsh election lying ban passes first Senedd stage amid free speech warnings
Legislation to criminalise false statements during election campaigns cleared its first hurdle but faces fierce criticism from cross-party committees and Labour backbenchers over undefined terms and rushed scrutiny.
