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European Central Bank Maintains Interest Rates, Awaits Progress in US-EU Trade Negotiations
Summary: According to sources, the European Central Bank kept its main interest rate unchanged at 2% on Thursday, waiting for clearer signals on the direction of EU-US trade relations. Inflation has fallen to the target level of 2%, and interest rates have been reduced from 4% to 2% since June last year, easing policy pressures on ...
According to sources, the European Central Bank kept its main interest rate unchanged at 2% on Thursday, waiting for clearer signals on the direction of EU-US trade relations. Inflation has fallen to the target level of 2%, and interest rates have been reduced from 4% to 2% since June last year, easing policy pressures on the ECB. The ECB stated that it will continue to follow a meeting-by-meeting approach, not presetting interest rate paths, with all decisions based on the latest data. The latest information is broadly consistent with previous assessments of inflation prospects, with domestic price pressures easing and wage growth slowing. The market is still betting on at least one more rate cut later this year. Attention now shifts to ECB President Lagarde's upcoming press conference, where she is expected to face intense questioning on whether to continue cutting rates, the strength of the euro, and the impact of tariffs.
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Link: European Central Bank Maintains Interest Rates, Awaits Progress in US-EU Trade Negotiations [Copy]
