The European Central Bank is widely expected to keep interest rates unchanged at its October meeting on Thursday, as elevated energy prices driven by the Iran war and mounting financial concerns in France complicate the inflation and economic outlook, according to a report by Reuters.
The ECB faces a challenging policy environment, with oil prices remaining above $100 a barrel and inflation risks elevated even as tighter financial conditions threaten to weigh on economic growth. Political instability in France and rising government borrowing costs have added to uncertainty surrounding the euro zone economy, the report stated.
