European Central Bank keeps interest rates on hold despite sluggish growth
by Phillip Inman from Economics | The Guardian on (#6YVY0)
Central bank shuns calls to reduce borrowing costs as higher US tariffs loom
The European Central Bank has kept interest rates on hold as figures showed the eurozone economy maintaining a steady pace of economic growth amid low inflation.
In what was widely expected to be a pause before further cuts later in the year, the Frankfurt-based central bank shunned calls to reduce the cost of borrowing and held its main interest rate at 2% and the deposit rate at 2.15%.
Continue reading...