ECB Holds Rates Steady at July Meeting, Deposit Rate at 2.25%
The European Central Bank kept its key policy rates unchanged at its July meeting, with the deposit rate at 2.25%, as expected. President Lagarde noted the economic outlook has returned to the baseline from June after recent energy developments.
The European Central Bank (ECB) left its three key policy rates unchanged at the July meeting, in line with market expectations. The deposit facility rate remains at 2.25%.
ECB President Christine Lagarde stated that the economic outlook has reverted to the baseline scenario presented during the June meeting, following recent developments in energy markets. The decision signals a pause after the bank's previous rate adjustments.
The move comes amid ongoing uncertainty over inflation and growth in the eurozone, with the central bank maintaining its data-dependent approach.
Source: FXStreet Forex News