Central Banks
ECB to Hold Fire on Rates Before Key Data Arrive
- All economists see deposit rate staying at 3.75% on Thursday
- Progress still needed on wages, profit margins, productivity
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The European Central Bank will keep interest rates steady on Thursday, preferring to await further proof of progress on inflation before adding to June’s initial cut.
The deposit rate will be left at 3.75%, according to all 55 economists surveyed by Bloomberg. No concrete guidance is expected on the path ahead for borrowing costs, with a slew of crucial data only due in the weeks ahead.