ECB holds rates steady
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The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing costs in the near term.
As expected, the European Central Bank (ECB) held policy rates steady today, extending its pause for a fourth straight meeting in the current easing cycle.
ECB President Christine Lagarde said that the digital euro is technically ready and is now awaiting legislative approval.
LONDON, Dec 18 (Reuters) - European Central Bank President Christine Lagarde said on Thursday she was "fully confident" European Union leaders would agree a way to support Ukraine given the vital importance of the issue.
FRANKFURT, Dec 18 (Reuters) - Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. Its updated assessment reconfirms that inflation should stabilise at the 2% target in the medium term.
European Central Bank officials expect the cycle of interest-rate cuts to most likely be finished based on the latest outlook for growth and inflation, according to people familiar with the debate.