ECB Maintains Interest Rates, Hints at Possible Cuts Later in 2024

European Central Bank holds rates at 3.75% amid persistent inflation, leaving future cuts uncertain.

ECB officials are debating the feasibility of only one more rate cut this year due to lingering inflation.
The central bank's next decision in September remains open, with all options on the table.
Inflation in the eurozone has decreased but remains above the ECB's 2% target.
Economic growth in the eurozone is slow, with the second quarter showing weak performance.
ECB President Christine Lagarde emphasizes data-driven decisions for future rate adjustments.