Economic risks have 'intensified' since Iran war, says ECB

NEWS SUMMARY

The European Central Bank stated on Thursday that economic risks to the eurozone have intensified due to the ongoing war in the Middle East and its impact on global energy supplies. Consequently, the ECB decided to maintain its key interest rate at two percent, citing increased upside risks to inflation and downside risks to growth.

Full BriefGenerated 0m ago

Risks to the eurozone growth and inflation outlook have "intensified" due to the war in the Middle East and its impact on global energy supplies, the European Central Bank warned on Thursday. The ECB kept its key interest rate on hold as a result of the risk, it announced.

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