Central bank shuns calls to reduce borrowing costs as higher US tariffs loom
The European Central Bank kept interest rates on hold at its July meeting as figures showed the eurozone economy maintaining a slow pace of economic growth.
In what was widely expected to be a pause before further cuts later in the year, the Frankfurt-based central bank shunned calls to reduce the cost of borrowing and held its main interest rate at 2% and the deposit rate at 2.15%.
Continue reading…Central bank shuns calls to reduce borrowing costs as higher US tariffs loomBusiness live – latest updatesThe European Central Bank kept interest rates on hold at its July meeting as figures showed the eurozone economy maintaining a slow pace of economic growth.In what was widely expected to be a pause before further cuts later in the year, the Frankfurt-based central bank shunned calls to reduce the cost of borrowing and held its main interest rate at 2% and the deposit rate at 2.15%. Continue reading…
