The ECB has kept interest rates unchanged for the third consecutive month. Photograph: DANIEL ROLAND/AFP via Getty ImagesThe European Central Bank (ECB) has kept interest rates unchanged for a third consecutive meeting as it weighs up the outlook for inflation and the still uncertain fallout from US trade tariffs. After eight straight rate cuts, the bank now appears to have moved into a holding pattern. “The robust labour market, solid private sector balance sheets and the governing council’s past interest rate cuts remain important sources of resilience,” it said. Despite the US tariffs, despite all the various sources of uncertainty, the European economy continues to eke out some growth,” he said.
