ECB leaves interest rates unchanged
Release time：2024-05-21 08:08:31 Source：Stellar Scope news portal
-
FRANKFURT, April 11 (Xinhua) -- The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. The governing council of the ECB considers that the key ECB interest rates are at levels that are making a substantial contribution to the ongoing disinflation process. "The Governing Council's future decisions will ensure that its policy rates will stay sufficiently restrictive for as long as necessary," said the statement. Inflation in the euro came down to 2.4 percent in March from 2.6 percent in February, according to the flash estimates from the statistical office of the European Union (EU). The inflation is edging closer towards the target of the ECB, which is mandated to keep inflation below but close to 2 percent in the medium term. All eyes are on the ECB as to when it will make its first rate cut in a bid to normalise its monetary policy after an aggressive rate-hiking cycle, during which key interest rates were lifted by a total of 450 basis points in just over a year.
（Editor:Wang Su）
- Previous：Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Next：Red Lobster seeks bankruptcy protection after closing some restaurants
Related articles
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- British conductor Sir Andrew Davis dies aged 80: Much
- Inside the Los Angeles highway houses: Sky
- London police to meet with Jewish leaders as protests spark safety concerns
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- 2 Pakistani customs officials killed and 3 wounded in an attack in the restive northwest
- Paul Mescal is a splash hit... and that's before the heart
- 8 shot, 2 men killed at a party in Memphis park
- Biden says Brown v. Board of Education ruling was about more than education
- Chicago police officer fatally shot overnight while heading home from work
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- 'Civil War’ continues box
- Olympic champion Jepchirchir wins women's race at London Marathon
- Olivia Rodrigo shows off her abs in a bikini during sunny getaway
- California congressman urges closer consultation with tribes on offshore wind
- Fiorentina wins 2
- Bridgerton's Nicola Coughlan stuns in glittering black gown as she holds hands with co
- 'Civil War’ continues box
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- Kyle Hendricks struggles again in 5th start this season for the Chicago Cubs
Random recommendation
US launches more strikes against Houthis in YemenEleanor Coppola, matriarch of a filmmaking family, dies at 87BNP Paribas focuses on offshore investor demand for NZXFormer National MP Alfred Ngaro interviewed by police after family fight next to mum’s coffin'Thank you Bob': Search for plane's blownWatch: Latest police teams graduate from Dog Training CentreLuxon 'exploring' nonChristopher Luxon tells team to factNew law to give police, courts greater powers in gang crackdownSenior Labour MP ordered to take down ‘gross’ social media posts
- Copyright © 2024 Powered by ECB leaves interest rates unchanged ,Stellar Scope news portal sitemap