Reported 1 day ago
The European Central Bank plans to maintain its interest rate at 2% in light of economic uncertainties tied to U.S. President Trump's tariffs, pausing any potential rate cuts until the effects of these tariffs are clearer. As economists anticipate worsening economic conditions, ECB officials are likely to acknowledge the increasing likelihood of a rate cut in September while reassessing inflation and growth risks during the summer break.
Source: YAHOO