EU Central Bank rates seen firmly on hold, but door to Sept cut still open

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EU Central Bank rates seen firmly on hold, but door to Sept cut still open - Business Standard

Quick Summary:

Higher US rates would encourage investors to move their cash there, weakening the euro and boosting imported inflation.

The economy also remains relatively weak, with a string of surveys pointing to anaemic growth, easing fears that buzzing summer activity, particularly in tourism, will further fuel price pressures.

Some also argue that the ECB is downplaying risks to its central scenario, which puts inflation back at its 2% target by the end of 2025 even as rates continue to ease.