World Economy

ECB May Keep Rates on Hold

ECB May Keep Rates on HoldECB May Keep Rates on Hold

The European Central Bank, widely expected to hold fire on monetary policy this week, was likely to prepare the ground for more stimulus measures in September, as the economic fallout for the eurozone from Brexit became clearer, analysts predicted, AFP reported. The ECB’s decision-making governing council is scheduled to hold its regular policy meeting on Thursday, a month after Britain voted to quit the EU. Eurozone inflation stood at just 0.1% in June, a long way off the ECB’s target of close to but just less than 2%.