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The European Central Bank has kept the interest rate unchanged at 2% as scheduled.
On September 11, the European Central Bank maintained the benchmark interest rate at 2% for the second consecutive meeting, as officials assess the impact of the trade agreement between the EU and the US. Thursday's decision aligns with economists' expectations, after ECB President Lagarde indicated that rate setters have shifted to a "wait-and-see" mode following eight cuts in borrowing costs since last year. Berenberg Bank economist Felix Schmidt pointed out before the decision that the ECB "does not need to change its monetary stance." He added that the Eurozone economy "has proven to be more resilient than expected," and inflation is also under control. (Jin10)