[European Central Bank Keeps Interest Rate Unchanged at 2% as Expected] BlockBeats News, September 11 – The European Central Bank (ECB) has kept its benchmark interest rate unchanged at 2% for the second consecutive meeting, as officials assess the impact of the trade agreement between the EU and the US. Thursday's decision aligns with economists' expectations, following ECB President Christine Lagarde's statement that policymakers have shifted to a 'wait-and-see' mode after eight rate cuts since last year. Berenberg Bank economist Felix Schmidt noted prior to the decision that the ECB 'has no need to change its monetary stance.' He added that the eurozone economy 'has proven to be more resilient than expected,' and inflation is under control. (Jin10)
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