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

The European Central Bank maintained its benchmark interest rate at 2.25% amid uncertainty over energy price volatility's impact on inflation. Analysts suggest the decision reflects a pause to assess oil price swings, which have fluctuated due to conflicts in the Strait of Hormuz and Red Sea. ECB President Christine Lagarde emphasized ongoing monitoring of inflation risks and hinted at potential future rate hikes.