ECB Adopts Cautious Stance on Rate Hikes at Sintra Meeting
The ECB Governing Council, meeting in Sintra, Portugal from June 29 to July 1, unanimously adopted a cautious stance on further rate hikes, just three weeks after raising key interest rates, in response to the energy shock from the Middle East conflict.
Members of the ECB Governing Council gathered in Sintra, Portugal, from June 29 to July 1, where they expressed a notably cautious stance on monetary policy. This came only three weeks after the central bank had raised key interest rates.
The decision was unanimous and was driven by concerns over the energy shock triggered by the conflict in the Middle East. The cautious tone suggests the ECB may be considering a pause in its rate-hiking cycle.
Source: FXStreet Forex News