2026-07-23

Added 2026-07-23 · Updated 2026-08-03

Monetary Policy Decisions: Interest Rates Unchanged

The ECB Governing Council decided to keep the three key ECB interest rates unchanged. The decision reflects high uncertainty and the incomplete materialization of the energy shock's impact on inflation, while noting that energy price outlooks remain close to baseline projections. The Governing Council remains committed to orienting monetary policy to stabilize inflation at the 2% target over the medium term.

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