The ECB will keep interest rates at 2.25% after inflation fell in June
It also leaves unchanged the rates of major financing operations (2.4 per cent) and marginal credit facility (2.65 per cent).
The European Central Bank(ECB) announced on Thursday that it will keep bank deposit interest rates at 2.25% , after inflationin the eurozone fell to 2.8% in June.
"Energy price forecasts, however volatile , are currently close to the benchmark scenario for expert projections, "he said in the ECB's June report, and above the levels recorded before the start of the Middle East conflict.
Nor has the ECB changed rates for major financing operations (2.4%) and marginal credit facility (2.65%).
For the organization, "uncertainty remains high, and the inflationary effectof energy disruption has not yet fully materialized. "
"The Governing Council therefore closely monitors the intensity and duration of the disruption, as well as the indirect and second-round consequences," the ECB added.
The Governing Council has committed itself to ensuring that inflation stabilizes at the 2% target in the medium termand "remains in a good position to navigate the uncertainty caused by the conflict."
Accordingly, the European Central Bank shall decide on interest rates on the basis of the data of each meeting, in particular the inflation forecasts and the assessment of their risks.
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