Inflation: ECB leaves key interest rate unchanged
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Despite inflation easing, it remains European Central Bank (ECB) with its restrictive monetary policy. The key interest rate remains at 4.50 percent, as the ECB announced. The relevant deposit rate on the financial markets, which financial institutions receive for accumulating excess funds, was left at 4.00 percent. At the same time, the ECB is indicating that it will soon initiate a turnaround in interest rates.
The ECB has maintained high interest rates since September 2023 in the fight against inflation. Meanwhile, inflation in the euro zone fell to 2.4 percent in March, after 2.6 percent in February and 2.8 percent in January. The ECB’s target of 2.00 percent, which it aims to achieve as the optimal level for the currency area in the medium term, is now getting closer.
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Despite inflation easing, it remains European Central Bank (ECB) with its restrictive monetary policy. The key interest rate remains at 4.50 percent, as the ECB announced. The relevant deposit rate on the financial markets, which financial institutions receive for accumulating excess funds, was left at 4.00 percent. At the same time, the ECB is indicating that it will soon initiate a turnaround in interest rates.
The ECB has maintained high interest rates since September 2023 in the fight against inflation. Meanwhile, inflation in the euro zone fell to 2.4 percent in March, after 2.6 percent in February and 2.8 percent in January. The ECB’s target of 2.00 percent, which it aims to achieve as the optimal level for the currency area in the medium term, is now getting closer.
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