The European Central Bank Keeps Interest Rates Unchanged, Waiting for Progress in US-EU Trade Talks

BlockBeats News, July 24th. The European Central Bank (ECB) Thursday as scheduled kept its key interest rate unchanged at 2%, waiting for more definitive signals on EU-US trade relations. Current inflation has fallen back to the 2% target level, and the rate has been reduced from 4% to 2% since June last year, easing the policy pressure on the ECB. The ECB stated that it will continue to adhere to a "step-by-step meeting" policy, will not preset the interest rate path, and all decisions will be based on the latest data.

The statement said that the latest information is broadly consistent with previous assessments of the inflation outlook, with continued easing of domestic price pressures and a slowdown in wage growth. The market is still betting on at least one more rate cut later this year. The market's focus shifts to ECB President Lagarde's later press conference, where she is expected to face a barrage of questions about whether there will be further rate cuts in the future, the strength of the euro, and the impact of tariffs. (Jin 10)