(MENAFN) On Thursday, the European Central Bank (ECB) maintained its three primary interest rates unchanged, aligning with market predictions.

The key deposit rate currently remains at 2%, marking its lowest point since November 2022.
Meanwhile, the interest rates for the main refinancing operations and the marginal lending facility are set at 2.15% and 2.40%, respectively.

This decision to keep rates steady is the second consecutive one.

The institution last reduced rates during its June meeting, concluding an eight-step rate cut sequence that began when the ECB started its easing phase in June 2024.

The bank indicated that inflation is presently close to the Governing Council’s medium-term objective of 2%.

According to the bank’s statement, "The new ECB staff projections present a picture of inflation similar to that projected in June. They see headline inflation averaging 2.1% in 2025, 1.7% in 2026 and 1.9% in 2027."

The economic growth for the eurozone is now anticipated to be 1.2% in 2025, an upward revision from the 0.9% forecast in June.

The growth outlook for 2026 has been slightly lowered to 1.0%, while the 2027 estimate remains steady at 1.3%, as per the central bank’s projections.

The ECB emphasized its commitment to ensuring that inflation stabilizes around its 2% target over the medium term.

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