The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. Warning for 70,000 homeowners who are rolling off fixed rates this year Key points and original sources are listed below.

• The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook reports from Berlin....S1

• Warning for 70,000 homeowners who are rolling off fixed rates this yearS2