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🚨 ECB HOLDS RATES AT 2.50% AS ENERGY INFLATION THREATENS EUROPE The European Central Bank has kept interest rates unchanged, with its deposit rate at 2.50%, refinancing rate at 2.65%, and marginal lending rate at 2.90%. The bigger concern is rising energy costs. They threaten to push inflation higher while weakening economic growth. Underlying inflation remains broadly stable, with limited wage pressure so far. For markets, the pause offers relief but no promise of rate cuts. The euro, European stocks and bonds remain sensitive to oil prices and whether inflation spreads beyond energy.

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