ECB Holds Rates Steady Hints At December Hike

The European Central Bank left interest rates unchanged while signaling a likely hike in December. Officials warned that rising energy costs are fueling inflation risks.

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FILE PHOTO: Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay/ File Photo

The ECB left interest rates unchanged on Thursday but signalled a hike in December amid rising energy costs. ECB President Christine Lagarde announced she would step down early.