Pause in ECB rate cuts anticipated amid uncertainty and steady inflation

After a total eight quarter-point moves that have brought the deposit rate to 2%, ECB President Christine Lagarde said last month that the cutting cycle is nearing its end

Inflation across the eurozone crept up marginally in June, rising to the ECB's target of 2%. (AP Photo/Bernd Kammerer, File)

The Governing Council of the European Central Bank will meet this week, with a pause in rate reductions largely anticipated after seven consecutive cuts in response to falling inflation.

Policymakers will gather in Frankfurt on Thursday to consider the performance of the 20-country eurozone amid tariff threats from US President Donald Trump and ongoing political turmoil.