The ECB this month raised its benchmark deposit rate to an all-time high of 4%
Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999
The European Commission lowered its growth forecast for this year and next
Interest rate decision on Sept. 14 will be data-dependent
The 20 eurozone countries saw modest growth in Q2
The ninth straight increase aims to stamp out painfully high inflation
New inflation figures are to be published Friday
The quarter-point boost is the European Central Bank's eighth straight increase in interest rates
The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023
"There is no clear evidence that underlying inflation has peaked," ECB head says