LIVE: Christine Lagarde-Led ECB Keeps Rates on Hold, Leaves Options Open for September

LIVE: Christine Lagarde-Led ECB Keeps Rates on Hold, Leaves Options Open for September
European Central Bank (ECB) president Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting. The European Central Bank kept borrowing costs on hold on Thursday, repeating that it needed to see more evidence that inflation was heading back to its goal before lowering interest rates further.
With the worst bout of inflation in a generation now largely behind it, the ECB began lowering rates last month and is expected to continue doing so in a gradual way through to the end of next year at least.
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