Economy

ECB Holds Interest Rates Steady as Energy Shock Clouds Eurozone Outlook

The ECB said it stands ’ready to adjust all of our instruments’ to ensure that inflation stabilizes.
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ECB Holds Interest Rates Steady as Energy Shock Clouds Eurozone Outlook
European Central Bank President Christine Lagarde addresses a press conference at the central bank's headquarters in Frankfurt am Main, Germany, on Jan. 30, 2025. Kirill Kudryavtsev/AFP/Getty Images
Evgenia Filimianova
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The European Central Bank (ECB) on April 30 left its key interest rates unchanged, saying that the ongoing war in the Middle East has pushed inflation higher and dampened economic sentiment.

The ECB’s Governing Council maintained the deposit rate at 2 percent, the main refinancing operations at 2.15 percent, and the marginal lending facility at 2.4 percent.

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Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.