FRANKFURT, Germany — The European Central Bank has left interest rates unchanged as it waits to see how big a blow U.S. President Donald Trump's tariffs will inflict on the economy before deciding whether to cut rates again.
What You Need To Know
The European Central Bank is leaving interest rates unchanged as it waits to see how big a blow U.S. President Donald Trump's tariffs will inflict on the economy before deciding whether to cut rates again
The bank's governing council announced Thursday at its skyscraper headquarters in Frankfurt that it would leave its benchmark deposit rate at 2%
The bank said the economy was so far "resilient" partly due to a series of rate cuts by the bank
But it added that the economic environment remains "exceptionally uncertain" due to trade disputes th