Lagarde Says ECB Well Placed to Handle War Risks as Rates Held

The European Central Bank is well placed to deal with growing dangers from the war in Iran after holding interest rates unchanged for a sixth meeting, President Christine Lagarde said.

The deposit rate was left at 2% on Thursday — as predicted by all analysts in a Bloomberg survey. The ECB warned that the conflict in the Middle East is resulting in faster inflation and slower economic expansion, saying it’s “determined” to keep price gains stable around the 2% target.