The European Central Bank keeps interest rates unchanged and does not provide guidance on the next steps

ChainCatcher news, according to Jinshi reports, the European Central Bank has maintained interest rates as expected and did not provide guidance for the next steps. It also stated that domestic price pressures remain high, and inflation will be above target for a longer period next year. The European Central Bank sent a balanced message, stating that corporate profits are absorbing some price pressures, but risks still exist. Further evidence is needed before policymakers pull the "trigger" on a second rate cut, and it indicated that upcoming information generally supports the committee's previous assessment of the medium-term inflation outlook. The bank also emphasized that the committee will continue to rely on data and make decisions at successive meetings to determine the appropriate level and duration of restrictive interest rates.