ECB Keeps Policy Rates Unchanged Amid Ongoing Headwinds
The European Central Bank (ECB) maintained its policy rates unchanged following a recent hike at its last meeting.
Despite ongoing headwinds from the Middle East conflict, economic growth is expected to remain modest in the second quarter, with activity showing resilience.
However, inflation eased in June, but the energy shock continues to impact prices as higher input costs lead firms to raise their prices.