Rate to 2.5%: De Standaard names a war in Iran, Público names energy prices, Der Standard names neither

The move. The European Central Bank raised its rates by a quarter of a percentage point on 10 September. Five reports put the level at 2.5%; only NOS gives the rate it rose from, 2.25%. NOS and Der Standard both call it the second rise this year.

The reason is where they part.

What drove it	Reports	In its own words
The Middle East conflict	4 of 9	Le Figaro: "l'inflation liée à la guerre au Moyen-Orient"
A war in Iran, named	1 of those 4	De Standaard: "Oorlog in Iran dwingt Europese Centrale Bank"
Energy prices spreading	1 of 9	Público: "a subida dos preços da energia se espalhe"
Inflation itself, no cause	3 of 9	Der Standard: "mit 3,3 Prozent weit über dem Zielwert"
No reason at all	1 of 9	Observador

Who acts. In seven reports the bank raises, warns and decides. In two, something else moves it: De Standaard's war forces its hand, and Público's unattributed fears led it to act. iDNES.cz and Rzeczpospolita attribute the cause to the bank's own warning rather than asserting it.

Not settled. What euro area inflation is: only Der Standard puts a figure on it, 3.3%. NOS's "just over 3 percent" is Dutch inflation, not the bloc's. Whether more rises follow: Observador alone reports the bank saying the increase may not stop here. And which rate moved — iDNES.cz names the deposit rate, Rzeczpospolita says all three main rates, Le Figaro and Público say only "rates".

What this is about. The European Central Bank has raised the cost of borrowing across the euro area. It says it did so to bring rising prices back under control.

How it got here.

The bank. The ECB was set up in 1998 to run one monetary policy for the countries that share the euro. The EU treaties give it one main job: keeping prices stable. It defines that as 2% inflation over the medium term. Governments cannot instruct it.
The tool. The ECB's main tool is its interest rate. NOS explains how it works: a higher rate makes borrowing dearer, the economy slows, and prices rise less quickly.
2022–2023. Energy prices jumped after Russia's full-scale invasion of Ukraine in February 2022. NOS reports that the ECB responded by raising its rate to a record 4% within a year and a half.
The cuts. As inflation fell, the bank cut again. Rzeczpospolita puts the total cut at 1.75 percentage points. NOS says the rate was back at 2% last year.
2026. NOS reports that prices rose sharply again this spring because of the war in the Middle East, and the ECB raised its rate in June. Rzeczpospolita says it held rates at the next meeting and then moved again on 10 September.

Who decides, and who feels it.

The ECB's Governing Council takes the decision. It is made up of the bank's six-member Executive Board plus the governor of each euro-country central bank. Christine Lagarde has been its president since 2019.
Borrowers and savers across the euro countries are affected: mortgages and business loans cost more, and savings accounts may pay more.
Poland and the Czech Republic are in the EU but not the euro. Their own central banks set their rates.

What is at stake. The ECB sets one rate for many economies whose inflation is not the same. Rzeczpospolita reports the bank warning of two risks at once: inflation staying high and growth slowing. Raise too little and prices keep climbing. Raise too much and the economy may stall.

Where it stands. Rzeczpospolita puts the deposit rate at 2.5%. Observador reports that futures markets expect three more rises by October 2027. The bank says it will decide meeting by meeting. Its next meeting is on 28–29 October, according to Rzeczpospolita.

What is being argued about

What drove the inflation behind the rise: a war in the Middle East, energy prices, or nothing named at all
Whether the bank raised rates or was forced to raise them
What euro area inflation actually is, and whether a second report confirms the figure
Whether this rise is the last one

One quarter point, four reasons for itSide by side

Outlet	What drove the rise	In its own words
De Standaard	A war in Iran, which forces the bank	Oorlog in Iran dwingt Europese Centrale Bank tot nieuwe renteverhoging
Le Figaro	The war in the Middle East	l'inflation liée à la guerre au Moyen-Orient
iDNES.cz	The Middle East conflict, attributed to the bank	konflikt na Blízkém východě nadále vytváří inflační tlaky
Rzeczpospolita	The Middle East conflict, attributed to the bank	presję inflacyjną związaną z konfliktem na Bliskim Wschodzie
Público	Fears energy prices spread through the economy	receios de que a subida dos preços da energia se espalhe para o resto da economia
Der Standard	Inflation above target — no cause named	die Teuerung in der Eurozone mit 3,3 Prozent weit über dem Zielwert
NOS	Persistently high price rises — no cause named	de aanhoudend hoge prijsstijgingen
Efimerida ton Syntakton	Inflation above target — no cause named	Πολύ πάνω από τον στόχο ο πληθωρισμός για παρατεταμένη περίοδο
Observador	No reason given; says the rise may not be the last	BCE admite que subida pode não ficar por aqui

What each report gives as the cause of the rise, in the words it published.

Sources D De Standaard

Le Figaro

iDNES.cz / MF DNES

Rzeczpospolita P Público

Der Standard

NOS

Efimerida ton Syntakton

Observador

Claims and verdicts

true The European Central Bank raised its rates by a quarter of a percentage point to 2.5%, the second rise this year.

Seven of the nine reports give the same figure — NOS (2.25 to 2.5), iDNES.cz (deposit rate 2.50), Rzeczpospolita (all three main rates up 25 basis points), Efimerida ton Syntakton, Le Figaro, Der Standard and Público — and none gives a different number. NOS and Der Standard both call it the second increase of the year.

Checked against 7 sources:

NOS

iDNES.cz / MF DNES

Rzeczpospolita

Efimerida ton Syntakton

Le Figaro

Der Standard P Público

true The ECB pointed to the conflict in the Middle East as the source of the inflationary pressure behind the rise.

iDNES.cz, Rzeczpospolita and Le Figaro all read the same decision statement as naming the Middle East conflict, and De Standaard puts the war in Iran in its headline; none of the reports we hold gives a competing account of what the bank said. Público instead frames the driver as energy prices spreading through the economy and NOS names no cause at all, so the reasons differ in emphasis rather than in fact.

Checked against 6 sources:

iDNES.cz / MF DNES

Rzeczpospolita

Le Figaro D De Standaard P Público

NOS

unverified Euro area inflation stands at 3.3%, well above the 2% target.

Only Der Standard gives a euro area figure of 3.3%; NOS's "just over 3 percent" is about Dutch inflation and what it does to savers, not the currency bloc. No second report we hold puts a number on euro area inflation.

Checked against 2 sources:

Der Standard

NOS

Who wrote it

R Ruben Eg NOS

What the bias passes found in their reporting

What is omitted no war anywhere; the reason is prices, and the piece turns to savers×1

Whose interest is centred Turns the rise into good news for savers and runs five questions on saving; borrowers appear once, as an aside×1

Claims we checked that rest on their reporting

1 unverified2 true

From 2 reports we hold under this byline, at NOS. Two independent readings, each made without the masthead, a quote attached to every tag. A record, never a rating. Their full record →

U Urszula Lesman Rzeczpospolita

No independent reading has coded a report under this byline yet. We do not infer a journalist's views from the outlet that employs them.

Claims we checked that rest on their reporting

2 true

From 115 reports we hold under this byline, at Rzeczpospolita. Two independent readings, each made without the masthead, a quote attached to every tag. A record, never a rating. Their full record →

L Le Figaro avec AFP Le Figaro

What the bias passes found in their reporting

Asserted, not attributed the capture of the strait and a "lightning offensive" are stated flat, with no source and no date×1

Asserted vs attributed The capture of the strait is stated flat, as settled background to a different story, with no source and no date for the claim.×1

Attacker identified by nationality in the headline; the other two reports do not give it×1

Attacker identified by nationality in the headline×1

Claims we checked that rest on their reporting

4 misleading8 disputed27 unverified22 true

From 3015 reports we hold under this byline, at Le Figaro. Two independent readings, each made without the masthead, a quote attached to every tag. A record, never a rating. Their full record →

R Ruben Mooijman De Standaard

What the bias passes found in their reporting

Who is named as acting a war is the actor and the bank is compelled; the only report naming Iran×1

Who is named as acting A war is the subject and the central bank is the object; the bank is forced, not deciding×1

Claims we checked that rest on their reporting

1 true

From 59 reports we hold under this byline, at De Standaard. Two independent readings, each made without the masthead, a quote attached to every tag. A record, never a rating. Their full record →

The bylines on the reports this story is built from. Hover one for what our passes have measured on their reporting. · 5 reports we hold carry no byline — we do not invent one.

Coverage, outlet by outlet

Observador — independent

As notícias das 14h

The only report that says the rise may not be the last: the bank admits the increase may not stop here.

Programas / Noticiário Ativar alertas × Siga o programa Noticiário e receba um alerta assim que um novo episódio é publicado. 14h. Banco Central Europeu confirma subida da taxa de juro para 2,5% BCE admite que subida pode não ficar por aqui. Técnicos de emergência admitem chegar a acordo com ministra e evitar greve no INEM. Rádio Observador Texto 10 set. 2026, 14:13 Partilhar artigo Copiar ligação Copiado Email Facebook X Linkedin WhatsApp As mais lidas Esta transcrição foi gerada automaticamente por Inteligência Artificial e pode conter erros ou imprecisões. Luís, pela segunda vez este ano, o

Read it at Observador → https://observador.pt/programas/noticiario/as-noticias-das-14h-2470/

NOS — public-service

ECB verhoogt rente opnieuw om inflatie tegen te gaan, spaarrente is zo ver nog niet

The only report giving the rate it rose from, 2.25%, and the only one that turns to savers: five questions on Dutch saving, with what the banks pay.

De Europese Centrale Bank (ECB) verhoogt de beleidsrente voor de tweede keer dit jaar, van 2,25 naar 2,5 procent. Daarmee probeert de ECB de aanhoudend hoge prijsstijgingen tegen te gaan. Een hogere rente maakt geld lenen duurder, waardoor de economie minder hard moet gaat draaien en de prijzen minder hard stijgen. De hogere ECB-rente is ook goed nieuws voor Nederlandse spaarders, omdat banken de ECB met hun spaarrente vaak volgen. Dat voordeel wordt echter deels tenietgedaan doordat de inflatie ruim 3 procent blijft. Ondertussen groeit de berg aan spaargeld. Vijf vragen over het spaargedrag v

Whose interest is centred: Turns the rise into good news for savers and runs five questions on saving; borrowers appear once, as an aside — “De hogere ECB-rente is ook goed nieuws voor Nederlandse spaarders, omdat banken de ECB met hun spaarrente vaak volgen.”

What is omitted: no war anywhere; the reason is prices, and the piece turns to savers — “Daarmee probeert de ECB de aanhoudend hoge prijsstijgingen tegen te gaan.”

Read it at NOS → https://nos.nl/l/2630449

iDNES.cz / MF DNES — independent

ECB letos podruhé zvýšila úroky. Obává se důsledků konfliktu na Blízkém východě

Attributes both the cause and the forecast to the bank rather than asserting them, and names the rate that moved as the deposit rate, at 2.50%.

Abyste mohli pokračovat, potřebujeme vědět, jakou formou vám můžeme zobrazovat reklamu Můžete neomezeně číst iDNES.cz, Lidovky.cz, Expres.cz a Antiyoutuber.cz. K tomu dostanete také noviny a časopisy v elektronické podobě. To vše bez reklam.1 Zachováme vám vše tak, jak jste zvyklí a reklamu přizpůsobíme vašim zájmům. Bez omezení si můžete dál číst, přehrávat videa, soutěžit či přispívat do všech diskusí.2 Váš souhlas s cílením reklamy můžete kdykoliv odvolat, pokud jej však odvoláte, budete vyzváni k přechodu na iDNES Premium bez reklam. Souhlas pro jiné účely, než je cílení reklam (např. zobr

Asserted vs attributed: The cause and the forecast are both attributed to the bank's own statement — “Upozornila, že konflikt na Blízkém východě nadále vytváří inflační tlaky, a předpověděla, že inflace v eurozóně po delší dobu zůstane nad dvouprocentním cílem.”

Attributed or asserted: the cause is attributed to the bank's own warning — “Upozornila, že konflikt na Blízkém východě nadále vytváří inflační tlaky”

Read it at iDNES.cz / MF DNES → https://www.idnes.cz/ekonomika/zahranicni/evropska-centralni-banka-urok…

Rzeczpospolita — independent

EBC podnosi stopy. Inflacja znów spędza sen z powiek bankierom

The only report saying all three main rates moved, by 25 basis points, and that the bank warned inflation may stay clearly above target for a long time.

";inherits:false;initial-value:100%}@property --tw-inset-shadow{syntax:"*";inherits:false;initial-value:0 0 #0000}@property --tw-inset-shadow-color{syntax:"*";inherits:false}@property --tw-inset-shadow-alpha{syntax:"";inherits:false;initial-value:100%}@property --tw-ring-color{syntax:"*";inherits:false}@property --tw-ring-shadow{syntax:"*";inherits:false;initial-value:0 0 #0000}@property --tw-inset-ring-color{syntax:"*";inherits:false}@property --tw-inset-ring-shadow{syntax:"*";inherits:false;initial-value:0 0 #0000}@property --tw-ring-inset{syntax:"*";inherits:false}@property --tw-ring-offset

Read it at Rzeczpospolita → https://www.rp.pl/dane-gospodarcze/art45124441-ebc-podnosi-stopy-inflac…

Efimerida ton Syntakton — independent

Η ΕΚΤ αύξησε κατά 0,25% τα επιτόκια – «Πολύ πάνω από τον στόχο ο πληθωρισμός για παρατεταμένη περίοδο»

Puts the bank's own words in the headline — inflation "well above target for a prolonged period" — and gives the key rate as 2.5% with no cause attached.

ΔΙΕΘΝΗΣ ΟΙΚΟΝΟΜΙΑ Η ΕΚΤ αύξησε κατά 0,25% τα επιτόκια – «Πολύ πάνω από τον στόχο ο πληθωρισμός για παρατεταμένη περίοδο» Στο 2,5% διαμορφώνεται το βασικό επιτόκιο Η Κριστίν Λαγκάρντ, πρόεδρος της Ευρωπαϊκής Κεντρικής Τράπεζας (AP Photo/Michael Probst) 10 Σεπτεμβρίου 2026, 15:41 efsyn.gr Μοιράσου στο facebook Μοιράσου στο twitter Μοιράσου στο bluesky Μοιράσου στο linkedin Μοιράσου στο whatsapp αποστολή με email αντιγραφή συνδέσμου Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης Προσθήκη του efsyn.gr στην Google Σε αύξηση των βασικών της επιτοκίων κατά 0,25% προχώρησε σήμερα η Ευρωπαική

Read it at Efimerida ton Syntakton → https://www.efsyn.gr/oikonomia/1464562/i-ekt-ayxise-kata-025-ta-epitoki…

Le Figaro — independent

La BCE relève ses taux d'un quart de point, à 2,50%, face à l'inflation liée à la guerre au Moyen-Orient

The only report that quotes the bank's own hedge — the outlook for inflation and growth is "très incertaines" — and says it comes from the decision statement.

L’autorité monétaire européenne referme un peu plus le robinet du crédit. La Banque centrale européenne (BCE) a relevé jeudi de 0,25 point de pourcentage son principal taux directeur comme anticipé par les analystes, ce qui le place à son plus haut niveau depuis mars 2025, afin de contrer le regain d'inflation provoqué par la guerre au Moyen-Orient. Le taux de dépôt, qui fait référence, est porté à 2,50%. «Les perspectives demeurent très incertaines, avec des risques orientés à la hausse pour l'inflation et à la baisse pour la croissance économique», indique le communiqué de décisions du jour.

What is hedged: Hedges in the bank's own words, quoted and sourced to the decision statement — “Les perspectives sur l’inflation et la croissance demeurent «très incertaines», justifie l’institution dans le communiqué de décision du jour.”

Hedged or stated: the cause is asserted in the headline; the uncertainty is left to the body — “La BCE relève ses taux d'un quart de point, à 2,50%, face à l'inflation liée à la guerre au Moyen-Orient”

Read it at Le Figaro → https://www.lefigaro.fr/conjoncture/la-bce-releve-ses-taux-d-un-quart-d…

P Público — independent

BCE volta a subir juros para travar pressão da inflação

The only report naming energy prices rather than a war, and the only one saying the economy may suffer for the decision.

Taxas de juro são agora de 2,5%. Receios de que a subida dos preços da energia se espalhe para o resto da economia levaram o banco central da zona euro a agir, mas economia pode ressentir-se.

Who is named as acting: Unattributed fears are the actor that moved the bank — “Receios de que a subida dos preços da energia se espalhe para o resto da economia levaram o banco central da zona euro a agir, mas economia pode ressentir-se.”

Which cause was chosen: energy prices, not the war behind them, and the cost is named — “Receios de que a subida dos preços da energia se espalhe para o resto da economia levaram o banco central da zona euro a agir, mas economia pode ressentir-se.”

Read it at Público → https://www.publico.pt/2026/09/10/economia/noticia/bce-volta-subir-juro…

Der Standard — independent

EZB erhöht wegen hoher Inflation heuer zum zweiten Mal die Leitzinsen

The only report giving a euro area inflation figure — 3.3% — and it makes the gap to target the whole reason, with no war anywhere in it.

Folgen des Irankriegs EZB erhöht wegen hoher Inflation heuer zum zweiten Mal die Leitzinsen Da sich die Teuerung in der Eurozone mit 3,3 Prozent weit über dem Zielwert befindet, tritt die Notenbank auf die geldpolitische Bremse und hebt die Zinsen neuerlich an Der EZB-Rat um Notenbankpräsidentin Christine Lagarde erhöhte den Einlagensatz für Banken um einen Viertelprozentpunkt auf nunmehr 2,5 Prozent. IMAGO/Christoph Hardt Nach einer Zinspause im Juli hat die Europäische Zentralbank (EZB) am Donnerstag mit der zweiten Zinsanhebung im laufenden Jahr auf den dauerhaft erhöhten Inflationsdruck in

Which measure was chosen: Names no war; gives the inflation rate and the gap to target as the whole reason — “Da sich die Teuerung in der Eurozone mit 3,3 Prozent weit über dem Zielwert befindet, tritt die Notenbank auf die geldpolitische Bremse und hebt die Zinsen neuerlich an”

Which measure was chosen: leads on the inflation rate itself, with no external cause — “Da sich die Teuerung in der Eurozone mit 3,3 Prozent weit über dem Zielwert befindet, tritt die Notenbank auf die geldpolitische Bremse und hebt die Zinsen neuerlich an”

Read it at Der Standard → https://www.derstandard.at/story/3000000339129/ezb-erhoeht-wegen-hoher-…

D De Standaard — independent

Oorlog in Iran dwingt Europese Centrale Bank tot nieuwe renteverhoging

The only report that names Iran, and the only one in which the war is the actor: the bank does not decide, it is forced to tighten again.

De inflatie is dan toch nog niet onder controle. De Europese Centrale Bank moet de monetaire teugels weer aantrekken om de galopperende geldontwaarding in toom te houden.

Who is named as acting: A war is the subject and the central bank is the object; the bank is forced, not deciding — “Oorlog in Iran dwingt Europese Centrale Bank tot nieuwe renteverhoging”

Who is named as acting: a war is the actor and the bank is compelled; the only report naming Iran — “Oorlog in Iran dwingt Europese Centrale Bank tot nieuwe renteverhoging”

Read it at De Standaard → https://www.standaard.be/economie/oorlog-in-iran-dwingt-europese-centra…

Checked, didn’t cover

D De Telegraaf

Deník N

El Mundo

Brussels Signal

Dagens Nyheter

Digi24

Telex

Welt

Frankfurter Allgemeine

Magyar Nemzet

Politico Europe

HotNews.ro

Svenska Dagbladet

Gazeta Wyborcza

Silence is recorded, not inferred — each of these was read when we built this story and carried nothing on this event.

We could not read these

ABC

Corriere della Sera

Kathimerini

Le Soir

Die Presse

Il Giornale

Euractiv

Le Monde

El País

la Repubblica

Süddeutsche Zeitung

These are must-cite outlets for this desk that we did not manage to read when we built this story. That is a gap in our reach, not a silence on their part, and it is not evidence of anything about this story.

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Rate to 2.5%: De Standaard names a war in Iran, Público names energy prices, Der Standard names neither

What is being argued about

One quarter point, four reasons for it

Who acts in the sentence

Claims and verdicts

Who wrote it

Coverage, outlet by outlet