The European Central Bank (ECB) heads into its July 23 policy meeting with renewed uncertainty after a rebound in oil and natural gas prices revived concerns over inflation, even as recent data pointed to easing price pressures across the euro zone.
According to Reuters, policymakers are widely expected to keep the ECB's key interest rate unchanged at 2.25%, following June's surprise rate hike that made the central bank the first among the world's major monetary authorities to tighten policy in response to the geopolitical fallout from the Iran conflict.
