xi's moments
Home | Americas

ECB puts interest r8k8 log inates on hold

媒体调查:征占黑土地建“特色小镇”,为何只见高档别墅 | 8k8 log in | Updated: 2024-07-19 01:44:20

EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany on July 18. [Photo/Agencies]

FRANKFURT -- The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting.

The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement.

While confirming that its previous assessment of the medium-term inflation outlook has been supported by fresh data, the ECB is poised to "keep policy rates sufficiently restrictive for as long as necessary."

Some measures of underlying inflation in May ticked up and price pressures remain high in the euro area. "Headline inflation is likely to remain above the target well into next year," said the ECB statement.

In a major policy shift, the ECB moved to cut interest rates by 25 basis points in June, its first rate cut since September 2019.

The central bank has reiterated that it is not pre-committing to a particular rate path, an indication that the scaling back of its restrictive monetary policy is not likely to be linear as price pressures remain high.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349