The European Central Bank left its key interest rates unchanged on Thursday, pausing after a series of moves as officials waited for clearer evidence that inflation is continuing to ease across the eurozone.

In its latest policy statement, the ECB said a rate cut could come in July if incoming economic data confirm that price pressures are slowing further. The bank did not commit to a move, but its wording suggested policymakers are increasingly open to easing borrowing costs if the disinflation trend holds.

The decision reflects the central bank’s effort to balance two risks: cutting too soon and reviving inflation, or waiting too long and putting more pressure on growth. Markets are now focused on upcoming data releases that could shape the ECB’s next move.

For households and businesses across Europe, the bank’s cautious signal keeps the prospect of lower borrowing costs alive — but only if the data continue to support it.