The ECB held its deposit rate at 2.25% as expected; investors anticipate further hikes in coming months to curb inflation linked to the Middle East war. The bank delivered its first rate rise in nearly three years last month. Escalating tensions in t

2026-07-23

The ECB held its deposit rate at 2.25% as expected; investors anticipate further hikes in coming months to curb inflation linked to the Middle East war. The bank delivered its first rate rise in nearly three years last month. Escalating tensions in the Strait of Hormuz have pushed oil back toward $100/bbl, reviving war-driven inflation risk.