ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
The European Central Bank has held rates at 1.75% following a meeting of its governing council on February 4-5.
ECB president Christine Lagarde said the council had reached the decision unanimously, despite annual inflation having been measured at 1.7% in January.
She said the ECB’s “good place” – an economic environment it felt comfortable with – was determined by “a factor of whether we [the governing council] are convinced that we will reach our medium [term] target of 2%, and we cannot be
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