The ECB left rates unchanged last month and gave almost no hint about its future policy moves, even as investors were increasingly betting on policy easing...
- European Central Bank policymaker were in no rush to cut interest rates when they met last month and saw September as the next best opportunity to review whether to dial back policy, the accounts of their July 17-18 meeting showed on Thursday.
"A gradual attenuation of policy restriction was a balancing act, as it was also important not to unduly harm the economy by keeping rates at a restrictive level for too long," the accounts showed. Gus, the 17-year-old son of Minnesota Gov. Tim Walz, leapt out of his chair during Walz's speech at the 2024 Democratic National Convention.
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