European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council’s monthly monetary policy meeting in Frankfurt, Germany, on March 6, 2025. Jana Rodenbusch/Reuters
The European Central Bank (ECB) kept interest rates on hold on July 24, pausing its year-long easing cycle as inflation settled at its 2 percent target and signs of resilience emerged in the euro area economy.
The deposit rate stayed at 2 percent, the main refinancing rate at 2.15 percent, and the marginal lending rate at 2.4 percent, the eurozone’s central bank said in a statement following its policy meeting.
