FRANKFURT / LONDON (IT BOLTWISE) – The European Central Bank (ECB) has decided to leave key interest rates unchanged at 2.0 percent. This is the third interest rate pause in a row while the US Federal Reserve has cut interest rates. The ECB’s decision reflects caution in an uncertain global environment.
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The European Central Bank (ECB) has once again decided to leave key interest rates in the euro area unchanged at 2.0 percent. This decision marks the third consecutive interest rate pause while the US Federal Reserve has cut interest rates. The ECB therefore remains in a wait-and-see stance in order to respond to the ongoing uncertainty in the global economy.
The ECB’s decision to keep interest rates stable comes amid a complex economic environment. While inflation in the euro area was contained after Russia’s war of aggression against Ukraine, it remains slightly above the central bank’s target of 2.0 percent with an expected inflation rate of 2.1 percent for the current year. This interest rate stability is intended to help maintain people’s purchasing power and support economic recovery.
The ECB faces several challenges, including the economic impact of higher US tariffs and the government crisis in France. Despite these uncertainties, the Eurozone economy is proving more robust than expected, with slight growth in gross domestic product in the third quarter. These developments have led the ECB to slightly increase its growth forecast for the year.
ECB President Christine Lagarde emphasized that the central bank is in a good position to respond to possible inflation risks or new economic shocks. With a deposit rate of 2.0 percent, the ECB has scope for adjustments if necessary. Concerns about a possible tariff dispute with the US have also eased after a trade deal between Washington and Brussels prevented an escalation.
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