The European Central Bank left its key interest rates unchanged on Thursday, maintaining the deposit facility rate at 2.00%, as President Christine Lagarde signalled growing confidence that inflation is stabilising near the ECB’s 2% medium-term target.
Speaking at the post-meeting press conference in Frankfurt, Lagarde stated that the “disinflationary process is over” and that the eurozone is “in a good place”, citing a resilient labour market, a stable inflation outlook and upwardly revised growth projections for 2025.
