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flag ECB keeps rates steady amid inflation risks from Middle East war.

flag ECB President Christine Lagarde says the central bank is ready to act against inflation risks from the Middle East war, though it kept interest rates steady. flag While inflation is currently near the 2% target, the bank warns businesses might raise prices faster than before due to memories of the 2022 inflation surge. flag Officials are monitoring whether the energy shock is temporary or if it will trigger a broader price and wage spiral.

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