ECB signals July interest rate hike now unlikely

The European Central Bank (ECB) has indicated that an interest rate increase in July is now improbable. This development emerged during the annual central banking seminar held in Sintra, Portugal. The event gathered numerous global central bankers, including Kevin Warsh, the new chairman of the US Federal Reserve, who attended less than six weeks into his tenure. The shift in the ECB's stance suggests a potential change in its monetary policy outlook, moving away from earlier expectations of a rate hike. This gathering serves as a key forum for international monetary policy discussions among leading financial authorities.

Sources: Le Monde — International