Lagarde: Indicators Suggest Economic Activity Will Remain Modest
ECB President Christine Lagarde said after the July policy meeting that economic indicators point to continuing modest activity, as the central bank left key interest rates unchanged.
European Central Bank President Christine Lagarde addressed the press following the July policy meeting, where the ECB decided to keep key interest rates unchanged.
Lagarde stated that current indicators suggest economic activity is likely to remain modest in the near term. She did not provide specific numerical forecasts but reiterated the bank's data-dependent approach.
The decision to hold rates steady comes amid ongoing uncertainty about the eurozone growth outlook.
Source: FXStreet Forex News