07
KOF Monetary Policy Communicator for the Euro Area, July 2024
The KOF MPC figure for 18 July 2024 is 0. At today’s meeting, the ECB’s Governing Council decided to keep the three key ECB interest rates unchanged.
Global Barometers decline slightly in July
After three consecutive increases, the Leading Barometer fell slightly, although it remained above average. The decline in the Coincident Barometer was even smaller. As a result, the indicator remains within the narrow range in which it has been fluctuating since the beginning of the year. Therefore, the slight decline in the Global Barometers in July currently does not mark a turning point.