ECB policy decision: Central bank keeps rates steady at 2% as inflation nears target; debate shifts to timing of next cut

The European Central Bank has maintained its interest rates at 2%, citing an uncertain economic outlook due to global trade disputes and geopolitical tensions. While inflation is near its target, policymakers are divided on future rate cuts. Concerns about a strong euro and slowing wage growth are also present, with some economists predicting a return to rate cuts in 2026.