ECB Holds Interest Rates Steady as Energy Shock Clouds Eurozone Outlook

European Central Bank President Christine Lagarde addresses a press conference at the central bank’s headquarters in Frankfurt am Main, Germany, on Jan. 30, 2025. Kirill Kudryavtsev/AFP/Getty ImagesThe European Central Bank (ECB) on April 30 left its key interest rates unchanged, saying that the ongoing war in the Middle East has pushed inflation higher and dampened economic sentiment.The ECB’s Governing Council maintained the deposit rate at 2 percent, the main refinancing operations at 2.15 percent, and the marginal lending facility at 2.4 percent.