ECB Maintains Interest Rates

The European Central Bank has decided to keep the main interest rates at 2.40%, with no expectation of an additional increase so far, despite inflation remaining at 2.8% in the eurozone and concerns about it continuing to rise until 2027. This comes after a surprise hike in June last year, in response to rising energy prices due to the US-Iran war. Market participants are awaiting signals from ECB President Christine Lagarde regarding the likelihood of a rate hike at the September meeting, especially considering the expected weak economic growth of 0.8% in 2026.

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