ECB Holds Rates Steady as Inflation Hits Target, Economy Shows Resilience

The eurozone central bank has paused its year-long easing cycle, pledging a data-dependent approach while signaling caution amid tariffs and global uncertainty.

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monthly monetary policy meeting in Frankfurt, Germany, on March 6, 2025. Jana Rodenbusch/Reuters

The European Central Bank (ECB) kept interest rates on hold on July 24, pausing its year-long easing cycle as inflation settled at its 2 percent target and signs of resilience emerged in the euro area economy.

The deposit rate stayed at 2 percent, the main refinancing rate at 2.15 percent, and the marginal lending rate at 2.4 percent, the eurozone’s central bank said in a statement following its policy meeting.