Learn more

The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The decision by the central bank’s Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. “The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner,” the ECB said. “It will keep policy rates suffici…

cuu