ECB keeps interest rates at 2.5% despite inflationary pressure

The European Central Bank (ECB) has decided to keep its key interest rates unchanged at 2.5%, despite inflationary pressures from rising energy prices. The ECB warns that energy price increases pose risks to inflation and growth. Analysts expect potential rate hikes in December or early 2027 if inflation persists. ECB President Christine Lagarde may provide insights on future monetary policy in an upcoming conference, as she plans to leave her position in February 2027.