ECB holds rates steady amid rising energy price risks
The European Central Bank kept interest rates unchanged on Thursday but warned that surging oil prices could force policy tightening to curb high inflation.
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The European Central Bank (ECB) maintained interest rates at their current levels on Thursday, while issuing a clear signal that it is prepared to intervene if surging energy costs jeopardize economic stability. Policymakers are keeping a close watch on the escalating risks to growth and inflation following the outbreak of conflict involving the United States, Israel, and Iran on February 28.
