Frankfurt, Germany, April 30, 2026 (AFP) - ECB warns of risks from Mideast war as it holds rates

NAMPA / AFP
2026-04-30
The European Central Bank held interest rates steady on Thursday and warned of growing risks to the growth and inflation outlook thanks to the war in the Middle East. Energy costs have spiked since the near-total closure of the Strait of Hormuz, through which about a fifth of the world's oil and gas usually passes, following the outbreak of the US-Israeli war against Iran. Eurozone inflation is already picking up -- it jumped to three percent in......
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