ECB keeps interest rates unchanged, as expected
- The European Central Bank kept its key interest rate unchanged at 3.75%, led by President Christine Lagarde to control inflation before considering a rate cut further.
- "Domestic price pressures are high, services inflation elevated, and headline inflation expected to stay above target well into next year," stated the bank.
- Lagarde and the rate-setting council maintained the deposit rate at 3.75% following the previous meeting on June 6.
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Total News Sources0
Leaning Left9Leaning Right5Center7Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 33%
R 24%
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