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BUSINESSJul 23 · 12:16 UTCWDIV CLICKONDETROITAp Business Writer, Associated Press

Europe's central bank holds rate steady amid swings in oil prices

The European Central Bank maintained its benchmark interest rate at 2.25% amid uncertainty over the impact of volatile oil prices on inflation. Analysts suggest the decision reflects a pause to assess energy price swings linked to the US-Iran conflict and Hormuz Strait disruptions, with a potential rate hike anticipated at the September meeting.

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Mentioned
European Central BankorganizationChristine LagardepersonUS-Iran wartopicStrait of HormuzplaceBrent crudetopicDonald TrumppersonIranian-backed Houthi rebelsorganizationSaudi Arabiaplace
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