The European Central Bank (ECB) has extended its rate‑pause once more, keeping the main policy rate at 2.0 percent. The bank announced this decision Thursday after its Governing Council meeting in Frankfurt.
Accordingly, the rates for the deposit facility, the main refinancing operations, and the marginal lending facility remain unchanged at 2.00 percent, 2.15 percent, and 2.40 percent, respectively.
In its updated assessment, the Governing Council reiterated that inflation is expected to stabilise at the 2 percent target over the medium term. It noted that the economy continues to be resilient despite a difficult global environment, citing low unemployment, solid private‑sector balance sheets, the gradual roll‑out of public spending plans for defence and infrastructure, and the growth‑supporting effects of past policy cuts.
At the same time, the outlook remains uncertain, largely due to persistent global trade‑policy uncertainty and geopolitical tensions. The ECB underscored its determination to bring inflation back to the medium‑term 2 percent target. The setting of an “appropriate monetary policy stance” will be data‑driven, decided from meeting to meeting, and the council will not commit to a specific rate path ahead of time.