European Central Bank policymakers maintain the key deposit rate at 3.75 percent, aiming to dampen demand for loans, slow the eurozone economy, and rein in inflationary pressures.
Inflation across the eurozone is at 2.5 percent in June, slightly below May but higher than April; expected to fluctuate around current levels, says Christine Lagarde.
Investors anticipate one or two more rate cuts by the European Central Bank later in the year, with an 80 percent chance of a cut at the next meeting in mid-September.
Collection
[
|
...
]