This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. [Photo/Xinhua]

ECB holds steady on rates amid inflation concerns. No change at July 2026 meeting at 93.5% YES.

The ECB raised rates to 2.25% and cut 2026 growth forecasts to 0.8% as Middle East conflict drives energy prices and inflation toward 3.4%.

This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. [Photo/Xinhua]

The European Commission cut euro area 2026 GDP growth to 0.9% as Middle East conflict pushes oil above $120/barrel and clouds the monetary policy outlook.