The European Central Bank (ECB) must decide on an interest rate hike. This issue is on the table at the meetings of the Governing Council of the institution.
At the July meeting, the Governing Council maintained interest rates unanimously, without making any changes. This decision was made consensually by the members of the ECB's decision-making body.
Christine Lagarde, president of the ECB, admitted that it would be possible to decide on a rate increase in September. This statement suggests that the institution is seriously considering a change in its monetary policy for the next meeting.
The ECB has been closely monitoring inflation developments in the euro area, which has led to debates about the need to adjust interest rates to control inflationary pressure.



