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The Independent UK
The Independent UK
National
Via AP news wire

European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty

Germany European Central Bank - (Copyright 2026 The Associated Press. All rights reserved)

The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices - but that the long-term impact on consumer prices and the economy was uncertain.

The bank's rate-setting committee left its benchmark deposit rate unchanged at 2%, where it has been since June 2025.

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