The European Central Bank warns that the Middle East conflict will cause inflation to remain elevated.

European Central Bank President Lagarde stated on the 23rd that since the outbreak of conflict in the Middle East, rising energy prices and their impact on the prices of goods and services will likely cause the eurozone inflation rate to remain above target levels until the first half of 2027. The European Central Bank held a monetary policy meeting on the same day and decided to keep the three key eurozone interest rates—the deposit facility rate, the main refinancing rate, and the marginal lending rate—unchanged at 2.25%, 2.40%, and 2.65%, respectively. (Xinhua News Agency)