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ECB Pauses Rates Amid Oil Volatility | Texas News
The European Central Bank holds steady at 2.25% interest rates, pausing after a June hike aimed at curbing inflation fueled by volatile oil prices amid the US-Iran tensions. With oil prices swinging wildly—down on ceasefire hopes, up again as fighting resumed—the ECB is watching closely, hinting at a possible September rate decision. President Christine Lagarde emphasizes flexibility, cautioning that inflation’s full impact hasn’t hit yet. Higher rates cool spending, helping tame prices: eurozone inflation dipped to 2.8% in June from 3.2% in May. Listen in comfort:Get a discount on a Soli…
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