ECB Rate Hike Warning Sparks Crypto Liquidity Concerns in September
The European Central Bank (ECB) held interest rates steady at 2.25% on Thursday, July 23, but ECB President Christine Lagarde left the door open for a rate hike in September.
Rising oil prices tied to Middle East tensions are fueling inflation concerns and have triggered a shift in market expectations.
The comments follow the ECB's June hike, its first since 2023, and mark a second consecutive tightening signal from a bank that six weeks ago looked done raising rates.