The European Central Bank has raised interest rates for the second time this year to contain energy prices fueled by the Iran war. HSBC's Simon Wells says the Eurozone is resilient to the tightening but the impact of higher rates will show up soon ▻ ↧ ECB raises interest rates to fight off inflation jump The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy ​costs from the Iran war.