The European Central Bank is expected to announce an interest rate hike this Thursday, after the Governing Council kept values unchanged at the July meeting. The European monetary institution is expected to proceed with an interest rate increase at its next meeting.
The ECB Governing Council decided to keep interest rates unchanged during the month of July, choosing not to alter the values practiced at that time. This decision contrasts with the expectations now generated for Thursday's meeting.
According to available information, the ECB's decisions regarding interest rates will be conditioned by the situation of the war in Iran. This geopolitical factor may influence the deliberations of the European institution.
