Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
FRANKFURT AM MAIN, July 24 (Xinhua) — The European Central Bank (ECB) decided to leave key interest rates unchanged at its monetary policy meeting on Thursday.
The deposit rate, with which the Central Bank regulates monetary policy, remains unchanged at 2 percent.
According to Eurostat, the EU's statistical office, inflation in the eurozone rose from 1.9 percent in May to 2 percent in June. Domestic price pressures continue to ease and wage growth is slowing, the ECB said in a statement.
Thus, inflation in the eurozone fluctuates around the target indicator of 2%. The Central Bank has once again confirmed its determination to ensure its stabilization in the medium term.
“The Governing Council stands ready to adjust all instruments within its mandate to ensure that inflation remains stabilised at the 2% target over the medium term and that the smooth functioning of the monetary policy transmission mechanism is maintained,” the regulator said in a statement. –0–
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