ECB holds rates as it lowers inflation expectations

Central bank intends to stop reinvesting maturing assets under PEPP in second half of 2024

ECB president Christine Lagarde
Christine Lagarde

The European Central Bank (ECB) maintained interest rates unchanged after its monetary policy meeting today (December 14).

This is the second consecutive meeting in which the ECB has kept rates at current levels, following 10 rate increases in a row from July 2022 until September 2023. Thus, the deposit rate stays at 4%.

The policy statement explains: “While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term.”

Eurozone inflation has declined abruptly

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