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Europe's central bank holds rates steady amid swings in oil prices
Summary by The San Antonio Editorial Desk · Based on reporting by Ap Business Writer, Associated Press , KSAT 12 (ABC affiliate)
· July 23, 2026
· 2 min read
The European Central Bank left interest rates unchanged Thursday amid uncertainty about how volatile energy prices will affect inflation. The central bank for the 21 countries that use the euro currency left its benchmark rate unchanged at 2.25% following a quarter-point hike at its previous meet...
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Original reporting Ap Business Writer, Associated Press, KSAT 12 (ABC affiliate) Original story Read at the source Source published Jul 23, 2026 Indexed here Jul 23, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway “Uncertainty remains high and the full inflationary impact of the energy shock has yet to play out," ECB President Christine Lagarde said at a post-decision news conference.
Why this matters in The San Antonio
San Antonio's economy, heavily reliant on tourism and trade, may feel the ripple effects of the European Central Bank's decision to hold interest rates steady. As a major city in Texas, a significant oil-producing state, San Antonio's businesses and residents are likely to be impacted by the volatility in oil prices. The recent swings in oil prices, triggered by the US-Iran conflict and subsequent ceasefire collapse, may influence local fuel costs, affecting commuters and businesses alike. Furthermore, the potential for another rate increase in September could have implications for San Antonio's housing market, as higher interest rates could raise the cost of credit for homebuyers. As the European Central Bank navigates the uncertainty caused by the conflict, San Antonio's economic leaders will be watching closely to see how these global events play out and affect the local economy.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 23, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 2 min
Frequently asked about this story
What is this story about? The European Central Bank left interest rates unchanged Thursday amid uncertainty about how volatile energy prices will affect inflation. The central bank for the 21 countries that use the euro currency left its benchmark rate unchanged at 2.25% following a quarter-point hike at its previous meet...
When was this published? This article was first published on July 23, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Ap Business Writer, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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