European Central Bank Holds Rates at 2.5% Amid Inflation Concerns

The European Central Bank (ECB) announced it would keep its benchmark interest rate unchanged at 2.5%, pausing after a series of hikes. This decision reflects the bank's strategy to evaluate the impact of previous tightening measures on inflation while monitoring the Eurozone's economic resilience. The ECB's stance could influence the Euro's strength against the US Dollar, potentially affecting international gold prices and, consequently, local gold and USD/PKR rates in Pakistan.

بحوالہ / Source: www.cnbc.com