European Central Bank keeps key interest rate on hold at 2.5%
Summary
The European Central Bank decided to leave its key interest rate unchanged at two and a half percent. Financial markets interpreted the move as a hawkish pause and currently estimate a significant probability of a rate increase in December.
Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.
Source: Read the full story at Economy
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