ECB leaves rates on hold, but keeps door open to further rate hikes

The ECB kept its deposit rate at 2.25% in July but left the door open to more hikes as Middle East tensions push energy prices up.
The euro slipped (about $1.1378) and markets price in a high chance of further rate rises this year.
Economists call it a "wait-and-see" pause — many expect a likely September hike if data and energy prices don’t improve.