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ECB keeps interest rates unchanged amid Iran war inflation

The European Central Bank has kept its base interest rates steady but said it was "closely monitoring" the energy price shock. The impact of the war against Iran on energy costs has pushed inflation over ECB targets.

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China's CPI up 0.5pc in July

Official data from the National Bureau of Statistics (NBS) on Sunday showed that the country's consumer price index (CPI), a main gauge of inflation, rose 0.5 percent year on year in July.