ECB Keeps Interest Rates Unchanged at 2%

The European Central Bank announced on Wednesday that it would keep its key interest rate unchanged at 2%, continuing its cautious approach after a series of previous rate cuts. This comes amid continued uncertainty surrounding trade tensions and the risk of increased US tariffs.

The bank explained that inflation in the 20-country eurozone remained at its target of 2% in June, reflecting relative price stability.

It is worth noting that the European Central Bank had conducted seven consecutive interest rate cuts over the past period before making the decision to keep rates unchanged at its meeting today.