ECB Holds Rates Steady, Just as Fed Is Poised to Cut

European Central Bank President Christine Lagarde - daniel Roland/Agence France-Presse/Getty Images The European Central Bank is staying on hold as it waits for more clarity on how the Trump administration’s tariffs will affect growth and inflation. The central bank left its key deposit rate at 2% on Thursday for the second consecutive meeting. It brought rates down eight times starting in June 2024, an aggressive easing campaign that contrasts with the Federal Reserve. The Fed’s reluctance to cut rates ...