ECB official Dolenc: The next move by the ECB could be either a rate cut or a rate hike.
Jinse Finance reported that European Central Bank official Dolenc stated that the ECB's interest rates will remain unchanged for now, and the next move could be either a rate cut or a rate hike. Given that the European economy remains resilient and inflation is stable at around 2%, Dolenc believes there is no need to adjust borrowing costs this month, as there have been "no significant changes in any direction." "After September, we should observe the effects of monetary policy—how the data looks, how the forecasts are—before making a decision," he said. "At that time, policy could move in any direction." (Golden Ten Data)
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