The European Central Bank (ECB) on Thursday kept key interest rates unchanged as heightened geopolitical tensions weigh on the outlook of inflation and economy in the euro area.

The Bank of England (BoE) announced a quarter-point cut in its benchmark interest rate on Thursday, lowering it from 4.25% to 4%, but the decision exposed a sharp split among its policymakers.

U.S. consumer prices increased by 0.3% in June, marking the largest monthly gain since January and signaling the start of a tariff-driven rise in inflation that is keeping the Federal Reserve cautious about cutting interest rates.

, News.az reports citing Xinhua.