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EN
ECB Holds Rates at 2% as Eurozone Growth Stalls, Tariff Concerns Loom Over Outlook
['Business Times']
Business Times : Top News
ECB President Christine Lagarde has never been a fan of cryptocurrency.
It marks the second consecutive hold since the ECB cut its key deposit facility rate in June, bringing it down from last year's record high of 4%.
Eurozone inflation came in at 2.1% in August, roughly in line with the target, leaving the bank under little immediate pressure to move rates further.
The ECB's rate stance contrasts with the U.S. Federal Reserve, which has kept the door open for a potential rate cut at its Sept. 17 meeting amid signs of slowing U.S. job growth.
Economists expect the ECB could deliver another rate cut later this year if eurozone growth falters further.
['tariff'
'european'
'president'
'bank'
'loom'
'ecb'
'markets'
'outlook'
'stalls'
'growth'
'eurozone'
'cut'
'holds'
'concerns'
'unchanged'
'rates'
'rate']