ECB President Christine Lagarde warned that surging oil prices could shape the September rate decision, leaving the door open to another interest rate hike at the next meeting.

The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed…

Lagarde cites energy shocks as key inflation drivers in the euro area. Crude oil reaching a new all-time high by December 31 at 16.5% YES.