It brings the base deposit rate to 4%.
The European Central Bank says it's "fully committed" to fighting inflation.
It comes as the ECB has increased its interest rates by a-quarter-of-one-percent this lunchtime.
It's the eighth rate hike in a row since the ECB began battling inflation last summer, bringing the base deposit rate to 4%.
In a tweet earlier this month the ECB said it is “fully committed” to fighting inflation.
It said the level of inflation has fallen from the peak in October, but stood at more than six percent in May.
The ECB’s target is two percent, and it says its “determined” to achieve a timely return to that.
Irish Rugby Legend Sets Off On Kildare Leg Of Nine-Marathon Charity Event
The 95th Edition Of The National Ploughing Championships Gets Underway This Morning
Occupied Territories Bill Comes Into Effect
EU To Propose Social Media Restrictions For Under 15s
Revolut Scammed After Passing On Data To "Unauthorised Third Party"
"Westminster's Time Is Coming To An End": SF, SNP, And Plaid Cyrmu Call On British Government For Constitutional Change
Trump Removes Whiskey Levy For Ireland Only
Trump Attends Irish Open In Doonbeg After Protests Over Ireland Visit
