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Cyprus Mail23 Jul 2026

ECB keeps rates unchanged amid Middle East energy risks

ECB keeps rates unchanged amid Middle East energy risks

The European Central Bank (ECB) kept its three key interest rates unchanged on Thursday, saying it remains closely monitoring the impact of the Middle East conflict on energy prices and inflation across the euro area.

The ECB’s Governing Council said the current outlook for energy prices remains highly volatile but is broadly in line with the baseline scenario included in the June Eurosystem staff projections....

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