The European Central Bank (ECB) announced today that it would hold steady its key interest rates. The decision comes as policymakers assess the latest economic data and consider the appropriate monetary policy stance for the Eurozone.

Key Interest Rates Unchanged

The ECB’s Governing Council decided to leave the main refinancing rate unchanged at 0.25%. The marginal lending facility rate will remain at 0.75%, and the deposit facility rate will stay at 0.00%.

Economic Outlook

The ECB continues to monitor economic developments in the Eurozone closely. Recent data suggests a gradual recovery, but challenges remain, including low inflation and high unemployment in some member states.

Forward Guidance

The ECB has reiterated its commitment to providing forward guidance on its future monetary policy intentions. This aims to enhance transparency and reduce uncertainty in financial markets.

Inflation Target

The ECB’s primary objective is to maintain price stability, defined as inflation rates below, but close to, 2% over the medium term. The central bank is prepared to take further action if necessary to achieve its inflation target.