European Central Bank officials expect to pause interest rate hikes in July, with some officials believing that the rate cut cycle has ended.

Jin10 data reported on June 5th that, according to informed sources, European Central Bank officials envision pausing interest rate cuts when formulating policy in July. Given the uncertainty surrounding U.S. President Trump’s tariffs, the most likely scenario is a pause after 8 rate cuts. Informed sources indicate that some officials believe the rate cuts may have come to an end, while others still support another cut—potentially in September. They emphasized that as the July 9 deadline for U.S.-EU trade negotiations approaches, policymakers’ thoughts could still change.

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