Tag: rate hikes

FRANKFURT: The European Central Bank left interest rates unchanged Thursday for the first time in over a year as the Israel-Hamas war spreads even more gloom over already downbeat prospects for Europe's economy.It is the bank's first meeting with no change after a torrid pace of 10 straight increases dating to July 2022 that pushed its key rate to a record-high 4%. The ECB joins the U.S.Federal Reserve, Bank of England and others in holding borrowing costs steady - albeit at the highest levels in years - as...