European Central Bank keeps key interest rate at 3.75%, delaying further cuts until inflation under control.
The European Central Bank (ECB) has kept its key interest rate at 3.75%, delaying any further cuts until there is clear evidence of inflation being under control. The ECB aims to ensure price stability in the Eurozone and believes that monitoring and controlling inflation is essential before making any further adjustments to the interest rate. This cautious approach to monetary policy prioritizes inflation management over immediate rate reductions for economic growth.
July 18, 2024
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