Global Economic News

ECB Pauses Rates Ahead Of Likely September Cut

The European Central Bank left its key interest rates unchanged on Thursday, as expected, after lowering them for the first time in five years in the previous session, as policymakers head into a summer break ahead of a possible rate reduction in September even as they worry about the sticky inflation.

The Governing Council, led by ECB President Christine Lagarde, held the main refinancing rate at 4.25 percent, the deposit facility rate at 3.75 percent and the marginal lending rate at 4.50 percent.

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by Jyotsna V

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