Source snapshotPublisher wording captured Jul 23, 2026, 2:15 PM
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ECB keeps interest rates unchanged amid Iran war inflation
The European Central Bank has kept its base interest rates steady but said it was "closely monitoring" the energy price shock. The impact of the war against Iran on energy costs has pushed inflation over ECB targets.
Deutsche Welle reporting27 sentences analyzed3,540 captured characters
The European Central Bank (ECB) said on Thursday it would hold its interest rates steady for the time being, but indicated it was closely monitoring the economic fallout of the Iran war.
The ECB had raised rates last month and hinted at more to come, but a string of relatively calm data in the weeks that followed made a follow-up step seem less urgent.
Still, Thursday's decision came as oil futures prices once again briefly topped $100 per barrel and as more intense exchanges of fire between the US and Iran have again become a daily occurrence.
The Frankfurt-based central bank for countries in the eurozone single currency area said that the outlook for energy prices was currently in line with projections from June, if well above the levels recorded prior to the conflict in the Middle East.
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