“Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged,” the ECB said in a statement.
The European Central Bank kept borrowing costs unchanged for a second meeting, deeming inflationary pressure contained and the economy solid despite heftier US tariffs.
The deposit rate was left at 2% on Thursday – as predicted by all analysts in a Bloomberg survey. Policymakers offered no guidance on future steps, continuing to stress that they’ll act one meeting at a time based on incoming data.
