🇪🇺 The European Central Bank takes a bold step by raising interest rates by a quarter percentage point, reaching 3.75% – the highest level in over two decades. Despite a recent decrease in inflation across Europe, the bank remains open to potential future rate increases. June's annual inflation rate settled at 5.5%, down from the historical peak of 10.6% in October 2022. #ECB #InterestRates #Inflation