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European Central Bank stands firm as it holds interest rates at 3.75%
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In a press conference today (18 July), the central bank's president Christine Lagarde said the decision to hold rates was «unanimous». Despite the ECB's decision to cut rates in June, Lagarde has repeatedly made the case that the first cut was not a catalyst for frequent further trimming. At the ECB forum of central banking on 1 July, Lagarde said «it will take time for us to gather sufficient data to be certain that the risks of above-target inflation have passed». Fed postpones rate cut until 'greater confidence' in sustainable inflation levels In today's announcement, the E...
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Read more on investmentweek.co.ukAbout this in other media
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates foxbusiness.com /1 month ago
Major central bank may hold rates amid stubborn inflation investmentnews.com /1 month ago
Stubborn inflation ticks up to annual 2.6% in Europe as central bank weighs next interest rate move abcnews.go.com /1 month ago
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