ECB Maintains Status Quo as Underlying Inflation Continues to Decline: A Live Commentary
ECB stands pat, declining trend in underlying inflation continues Introduction The European Central Bank (ECB) recently announced its decision to leave its monetary policy unchanged, as widely expected. This means that the main refinancing, marginal lending, and deposit rates will remain at 4.50%, 4.75%, and 4.00% respectively. In its accompanying statement, the ECB noted that…