ECB Holds Rates as Governing Council Weighs Diverging Inflation Data
The central bank kept its key rates unchanged, citing mixed signals from services inflation and wage growth across the euro area.
The European Central Bank left its key interest rates unchanged at its latest monetary policy meeting, with the Governing Council pointing to mixed signals from services inflation and wage growth across the euro area.
In its statement, the bank said future decisions would remain data-dependent and would be taken meeting by meeting, without committing in advance to a particular rate path. Updated staff projections are expected to be the main reference point for market participants at the next meeting.
Money-market pricing moved little after the announcement, suggesting the decision was broadly anticipated.
Sources and data
- European Central Bank, monetary policy decision and press conference (official statement)
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