Vice-President of the European Central Bank (ECB) Boris Vujcic addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)