0545 GMT - The European Central Bank, which raised interest rates in June, is expected to remain on hold next week, Morgan Stanley analysts say in a note. "The data received since the June meeting is keeping the ECB in between its mild and baseline scenarios, and recent remarks from the president and other Governing Council members confirm our and consensus expectations for a hold," the analysts say. More data is needed to decide on the next steps, they say, adding that the recent oil-price volatility is a stark reminder of the fundamental lack of certainty around the path of energy prices. "This alone should steer the ECB away from leaning strongly in any direction in either statement or press conference." (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 16, 2026 01:45 ET (05:45 GMT)

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