ECB pauses interest rate cuts

The European Central Bank (ECB), after seven consecutive cuts, decided this Thursday not to make any changes to its interest rates, which serve as a reference for the borrowing costs assumed by families and companies in the euro zone, setting them at 2%.

This decision was already expected by analysts, but at least one more cut is expected to be announced by the end of the year, leaving deposit interest rates at 1.75%. However, there are doubts as to whether this 0.25% cut will occur in September or December. Even so, the assurance is that the decision will be made "meeting by meeting."

The entity led by Christine Lagarde justifies this decision by the fact that price pressure continues to decline and wages are growing more slowly. "The economy has proven to remain generally resilient in a challenging global environment," it says, but admits that, "at the same time, the environment remains exceptionally uncertain, especially due to trade disputes."