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The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively.
The decision follows the ECB's assessment that recent data largely supports their earlier outlook on inflation for the medium term. While core inflation showed a temporary rise in May due to specific factors, most indicators remained stable or declined in June. Wage increases, which were expected to push inflation up, were balanced by other factors.
ECB President Christine Lagarde is expected to provide further insights into the decision during her scheduled press conference later today.
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