ECB Holds Interest Rates Steady Amid Energy Price Volatility
The ECB Governing Council decided to keep key interest rates unchanged in July 2026, with the deposit facility rate at 2.25%, main refinancing operations at 2.40%, and marginal lending facility at 2.65%. The decision reflects high uncertainty from energy price volatility linked to the Middle East conflict, with inflation impacts still unfolding. The ECB maintains a data-dependent approach and stands ready to adjust instruments to ensure inflation stabilises at 2%.
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