The European Central Bank meets on Thursday to take stock of how the euro zone economy is faring a month after it cut interest rates for the first time five years.
Inflation has dropped since the ECB last met but has failed to budge in the dominant services sector. Some policymakers felt cornered into June’s rate cut and are in no hurry to flag what’s next.
“They don’t want to give away anything,” said Dirk Schumacher, head of European macro research at Natixis.
Source: REUTER
