The European Central Bank held its key interest rate at 2% at its July meeting, citing an "exceptionally uncertain" environment due to trade disputes. The EU remains locked in negotiations with the U.

The European Central Bank is leaving interest rates unchanged as it waits to see the impact of U.S. President Donald Trump’s tariffs on the economy before deciding whether to cut rates again.

The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious.