ECB official Escriva signals steady rates at next meeting
ECB official Jose Luis Escriva says rates will likely hold steady at the next meeting. Policymakers need more time to assess the impact of the Middle East war.
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The European Central Bank (ECB) is expected to maintain its current interest rate levels during its next policy meeting as officials evaluate the broader economic consequences of ongoing geopolitical tensions. Jose Luis Escriva, a member of the ECB Governing Council and Governor of the Bank of Spain, indicated on Friday that the central bank will continue to make decisions on a meeting-by-meeting basis.
