The European Central Bank kept interest rates unchanged at 2 for the third meeting in a row on Thursday and repeated that policy was in a good place as economic risks recede and the euro zone shows continued resilience in the face of uncertainty.
The ECB cut rates by a combined 2 percentage points in the year to June but has since kept to the sidelines, and a sanguine assessment from its President Christine Lagarde on Thursday suggested it was in no hurry to change policy.
She argued that Europes trade deal with the United States, the Gaza ceasefire and Thursdays agreement between U.S. President Donald Trump and Chinas Xi Jinping to trim tariffs had all mitigated downside risks to growth.
