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2025-07-31 20:08:50
[The European Central Bank may continue to hold its ground as the Eurozone economy recovers] Barclays economists said that due to the stronger-than-expected economic performance of the Eurozone in the second quarter, the European Central Bank may now keep interest rates unchanged for a longer period of time. Data released earlier this week showed that the Eurozone economy grew by 0.1% in the second quarter, breaking the previous expectation of an economic recession. Barclays therefore raised its forecast for Eurozone economic growth this year from 0.8% to 1.1%. Against this backdrop, economists said that the European Central Bank is likely to decide to keep interest rates at 2% at its next monetary policy meeting in September.
