{"id":564303,"date":"2026-07-23T13:46:10","date_gmt":"2026-07-23T13:46:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/564303\/"},"modified":"2026-07-23T13:46:10","modified_gmt":"2026-07-23T13:46:10","slug":"ecb-keeps-rates-on-hold-despite-middle-east-turmoil-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/564303\/","title":{"rendered":"ECB keeps rates on hold despite Middle East turmoil \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">The <a href=\"https:\/\/www.irishtimes.com\/tags\/european-central-bank\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/european-central-bank\">European Central Bank (ECB)<\/a> left interest rates unchanged on Thursday, amid deepening uncertainty on the economy impact of the war in the Middle East.<\/p>\n<p class=\"c-paragraph paywall \">The bank kept its key deposit rate at 2.25 per cent, it said in a statement. It also left its main refinancing rate, to which ECB tracker mortgages costs are linked, at 2.4 per cent.<\/p>\n<p class=\"c-paragraph paywall \">The ECB raised rates in June and hinted at more to come but a string of benign data on prices, wages, economic activity and inflation expectations in the weeks since has made a quick follow-up step less urgent and policymakers called for patience.<\/p>\n<p class=\"c-paragraph paywall \">Still, the renewal of hostilities between the US and Iran and fears of a wider war in the region have pushed oil prices back up. Brent Crude topped $98 per barrel on Thursday, raising worries of a prolonged bout of inflation.<\/p>\n<p class=\"c-paragraph paywall \">More to follow&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The European Central Bank (ECB) left interest rates unchanged on Thursday, amid deepening uncertainty on the economy impact&hellip;\n","protected":false},"author":2,"featured_media":564304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,12965,61,5232,60,16487],"class_list":["post-564303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-european-central-bank-ecb","tag-ie","tag-interest-rates","tag-ireland","tag-mortgages"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/564303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=564303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/564303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/564304"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=564303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=564303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=564303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}