1348 GMT - The European Central Bank signalled the possibility of a rate increase in the coming months during Thursday's decision, MFS Investment Management's Peter Goves says in a note. The ECB kept rates unchanged at 2.25% but said that the full impact of the energy shock from the Middle East conflict is yet to surface. ECB President Christine Lagarde said the decision was unanimous, although some governors wondered whether a rate hike should be considered. Traders are pricing in a 71% chance of a quarter-point ECB rate rise in September and are fully pricing this move by October, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 09:48 ET (13:48 GMT)
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