ECB Sets Rate Hike for September, No Further Increases Planned
The European Central Bank (ECB) is poised to raise its key policy rates at the September meeting, according to sources. This decision comes as no surprise, given the ECB's recent stance on interest rates.
Market reaction has been mixed, with some buying interest seen in the Euro after the report release. The EUR/USD pair has recovered a majority of its losses but remains marginally lower at around 1.1670.