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ECB Keeps Rates Unchanged Amid Controlled Inflation
(MENAFN) The European Central Bank (ECB) announced on Thursday that it will keep all key interest rates unchanged, affirming that inflation across the eurozone remains broadly manageable.
The central bank maintained its deposit facility rate, the primary policy tool, at 2.0 percent—a level unchanged since the rate cut in June. All three benchmark rates were left on hold during this decision.
"Inflation is currently around the 2-percent medium-term target and the Governing Council's assessment of the inflation outlook is broadly unchanged," the ECB stated.
The bank’s latest staff projections foresee eurozone inflation averaging 2.1 percent in 2025 and easing to 1.7 percent in 2026. Additionally, the ECB upgraded its economic growth outlook for the euro area, forecasting a 1.2 percent expansion in 2025, up from the 0.9 percent projected in June.
The central bank maintained its deposit facility rate, the primary policy tool, at 2.0 percent—a level unchanged since the rate cut in June. All three benchmark rates were left on hold during this decision.
"Inflation is currently around the 2-percent medium-term target and the Governing Council's assessment of the inflation outlook is broadly unchanged," the ECB stated.
The bank’s latest staff projections foresee eurozone inflation averaging 2.1 percent in 2025 and easing to 1.7 percent in 2026. Additionally, the ECB upgraded its economic growth outlook for the euro area, forecasting a 1.2 percent expansion in 2025, up from the 0.9 percent projected in June.
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