<\/p>\n
At its meeting earlier today, Thursday, February 5th, the ECB decided to maintain its three key interest rates at their current levels: the deposit rate at 2%, the main refinancing operation rate at 2.15%, and the lending facility at 2.40%. This marks the fifth consecutive meeting where the ECB has kept its rates unchanged.<\/p>\n
In its interest rate statement, the ECB stated that the Governing Council reaffirms its updated assessment that inflation will stabilize at its 2% target over the medium term and that the economy remains resilient in a challenging global environment.<\/p>\n
The Governing Council is committed to ensuring that inflation stabilizes at its 2% target over the medium term and will continue to take a data-driven approach, making decisions at each meeting to determine the appropriate monetary policy.<\/p>\n
The Asset Purchase Programme (APP) and the Pandemic Emergency Purchase Programme (PEPP) are being phased out at a measured and expected pace, as the Eurosystem has ceased reinvesting capital payments from maturing securities.<\/p>\n
The markets are awaiting the European Central Bank president’s comments and his response to journalists’ questions at the press conference in about 45 minutes.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
At its meeting earlier today, Thursday, February 5th, the ECB decided to maintain its three key interest rates at their current levels: the deposit rate at 2%, the main refinancing operation rate at 2.15%, and the lending facility at 2.40%. This marks the fifth consecutive meeting where the ECB has kept its rates unchanged. In […]<\/p>\n","protected":false},"author":1,"featured_media":7218,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n