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fxJul 24, 2026, 6:59 AM

ECB Holds Rates as Expected, Euro Dips

The European Central Bank kept rates unchanged on July 23, maintaining a wait-and-see stance amid high oil prices and inflation. The euro weakened following the decision.

EURUSD

The European Central Bank left interest rates unchanged at its July 23 meeting, in line with market expectations. Policymakers reiterated a data-dependent approach, citing persistent inflation and elevated oil prices as key concerns.

Market participants are now focused on upcoming eurozone flash GDP and inflation figures for further direction. The euro edged lower against the dollar after the announcement, reflecting cautious sentiment.

Source: FXStreet Forex News