The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again. The ECB kept its deposit rate at 2.25% but said it was "closely monitoring the intensity and duration of the shock, as well as its indirect and second-round effects." The euro extended its falls and was last down 0.28% at $1.1378. Interest-rate sensitive two-year bond yields across the euro area held higher on the day, with German two-year bond yields last up around 3 basis points at 2.87%. Money markets price in a high ... (full story)