Charting the Global Economy: ECB Holds for First Time in a Year
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The European Central Bank kept interest rates unchanged for the first time in more than a year as it looks for clarity on the European Union's trade ties with the US.
Policymakers pushing for another cut in interest rates face an uphill battle, with inflation at 2% and the economy withstanding trade turbulence, Bloomberg reported. A hold looks like the baseline for September after eight reductions since June 2024.
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