# The European Central Bank held interest rates steady as policymakers waited to see whether the eurozone would be hit by higher US tariffs threatened by President Donald Trump. The pause brought to an end a streak of consecutive cuts stretching back to September last year that has seen the ECB slash its benchmark deposit rate to two percent. Consumer prices in the eurozone rose at a pace of two percent in June, exactly in line with the ECB’s target for inflation after double-digit highs at the end of 2022.
European Central Bank holds rates steady as inflation is at 2%