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Fortune Bank: The European Central Bank will take a cautious stance on future interest rate cuts
Fx Bank expects the Central Bank of Europe to keep the Intrerest Rate unchanged in July and maintain a cautious stance on future rate cuts. Despite the progress made in inflation easing, which prompted the rate cut in June, the rise in service sector inflation and wages indicates that the Central Bank of Europe will gradually cut rates. Fx Bank expects the European Central Bank to cut rates by 25 basis points quarterly, with the next rate cut in September.