The European Central Bank has no plans to cut monetary policy interest rates, given the performance of the eurozone economy and inflation forecasts.

ECB officials, including Isabel Schnabel, say the eurozone economy is doing well, which justifies keeping monetary policy interest rates on hold. After a significant interest rate cut, the ECB remains on hold to assess the impact of the global trade war. Inflation is estimated at 2% and economic risks are considered balanced, although there are concerns about a fragmented global economy. The next monetary policy meeting will take place on July 24.