ECB keeps interest rates unchanged, waiting to see progress of US-EU trade talks

Odaily Planet Daily News: The European Central Bank kept its main interest rate unchanged at 2% as expected on Thursday, waiting for more clear signals on the direction of trade relations between the European Union and the United States. At present, inflation has fallen back to the target level of 2%, and interest rates have been lowered from 4% to 2% since June last year. The policy pressure faced by the European Central Bank has been greatly relieved. The European Central Bank said it would continue to adhere to the "meeting by meeting" approach, would not preset the interest rate path, and all decisions would be based on the latest data. The statement said that the latest information was generally consistent with previous judgments on the inflation outlook, domestic price pressures continued to ease, and wage growth slowed. The market is still betting on at least one more rate cut later this year. The market focus turned to President Lagarde's press conference later, and she is expected to face intensive questions about whether to continue to cut interest rates in the future, the strength of the euro exchange rate, and the impact of tariffs. (Jinshi)