ECB rates firmly on hold, but door to September cut still open

The ECB is expected to be more cautious about a follow up move, as domestic inflation and wage growth remain stubbornly high. — Reuters

FRANKFURT: The European Central Bank (ECB) is all but certain to keep interest rates unchanged while signalling that its next move is still set to be a cut, even if this guidance is likely to be vague and carry caveats.

The ECB lowered rates from record highs last month in a move that was widely expected but which some of its own policymakers considered to be rushed.