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The European Central Bank remains on hold as expected, still observing the impact of tariffs.
Jin10 data September 11 news, the European Central Bank is still observing, waiting to see how the Trump administration's tariffs will affect economic rise and inflation. On Thursday, the Central Bank kept the main deposit interest rate unchanged at 2% for the second consecutive meeting. Since June 2024, it has cut rates eight times, which is a stark contrast to the Fed's approach of aggressive easing. Recently, the Fed's reluctance to cut rates has drawn criticism from Trump, which has evolved into moves that could undermine the Fed's independence.