European Central Bank policymakers expect further monetary tightening in the coming months as war-fuelled inflation persists, with another move possible at the ECB’s Oct. 29 meeting. The ECB raised borrowing costs for the second time this year on Thursday and warned that price pressures could prove lasting. Officials are increasingly concerned about sharp rises in gas and oil prices and believe additional rate increases may be needed to prevent inflation from spreading through the wider economy. Any October decision would depend on incoming data and developments in Iran. ECB President Christine Lagarde said the next move could not be anticipated and reaffirmed the bank’s meeting-by-meeting, data-dependent approach.