ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play

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ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play  The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.  READ MORE : http://www.euronews.com/2026/07/23/ecb-holds-rates-at-225-as-the-reignited-iran-war-keeps-a-second-hike-in-play  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:01The European Central Bank kept interest rates unchanged on Thursday, holding steady as it waits to see how much of

00:09a lingering energy shock from the Middle East conflict will feed through into Eurozone inflation.

00:15The ECB's governing council held the deposit facility rate at 2.25%.

00:22Uncertainty remains high and the full inflationary impact of the energy shock has yet to play out.

00:30We are therefore closely monitoring the intensity and duration of the shock as well as its indirect and second round

00:38effects.

00:40We are committed to setting monetary policy to ensure that inflation stabilizes at our 2% target in the medium

00:48term.

00:50With today's decision, we remain well positioned to navigate the uncertainty caused by the conflict.

00:57The decision follows confirmation last week that Eurozone inflation eased to 2.8% in June from May's 3.2%,

01:07the first decline this year.

01:09The pause comes just six weeks after the ECB raised rates for the first time in nearly three years, responding

01:17to a war-driven energy shock that had pushed inflation to its highest since September 2023.

01:25The answer will be behind the prodigy.

01:26The Id?

01:27So far.

01:27The Id?

01:28The Id?

01:28Because multid?

01:28The Id?

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