European Central Bank maintains high interest rates, signaling potential rate cut if inflation falls further.

The European Central Bank (ECB) held interest rates at highs during its latest meeting, indicating a possible rate cut may come soon. The ECB added a new statement to its policy: "The Governing Council’s future decisions will ensure that its policy rates will stay sufficiently restrictive for as long as necessary." This suggests that the ECB is considering rate cuts if inflation falls further and if confidence in sustained inflation growth increases.