Eurozone: ECB extends its interest rate pause

Eurozone: ECB extends its interest rate pause
The European Central Bank. Credit: Wikimedia Commons

The European Central Bank (ECB) has decided to keep its interest rates unchanged for the second consecutive time, following 10 rate increases in a row since July 2022.

The decision comes amid slowing inflation in the euro area.

The deposit rate, a key reference point, remains at 4.0%, its highest level since the single currency was launched in 1999.

The refinancing rate and the marginal lending facility rate stand at 4.50% and 4.75% respectively.


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