Oxford Economics: The European Central Bank Unlikely to Cut Rates in September
According to a report by Jinse Finance, Oxford Economics states that with inflation stabilizing at the European Central Bank's target level, the ECB may not cut interest rates in September. Data released last week showed that the inflation rate remained steady at 2.0% in July. This could prevent the ECB Governing Council from further lowering borrowing costs, as the council kept the deposit rate at 2.0% last month. Although we still expect inflation to ease somewhat in the coming months, we believe the progress on inflation is insufficient for the council to agree to another rate cut at that time. (Jin10)
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