Global economic shifts: ECB raises rates, US becomes top oil exporter, Musk a trillionaire

The European Central Bank (ECB) increased its key interest rate by 0.25 percentage points to 2.25% on June 11, marking its first hike since September 2023. This decision, the first among G7 central banks, responded to an energy shock exacerbated by the conflict in the Middle East. Concurrently, Ukraine's Cabinet of Ministers approved an updated plan for the Ukraine Facility, introducing 26 new steps aimed at European Union integration to secure an additional €8.35 billion in EU support. From July 1, the Ukrainian government will also provide preferential loans at 0.1% for small and medium-sized businesses to restore property damaged by shelling, with financing up to 150 million UAH. In other economic news, the United States has become the world's largest oil exporter, surpassing Saudi Arabia and Russia. Separately, Elon Musk reportedly became the world's first dollar trillionaire following the initial public offering of his aerospace company, SpaceX, which raised a reported $75 billion.

Sources: Forbes Ukraine, Українська правда, Громадське