Central bank shuns calls to reduce borrowing costs as higher US tariffs loom Business live - latest updates 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%.
European Central Bank keeps interest rates on hold despite sluggish growth
The Guardian - 24 Jul 2025 18:00
Central bank shuns calls to reduce borrowing costs as higher US tariffs loom Business live - latest updates 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%.
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