ECB Holds Rates Steady: No Changes to Deposit Facility Rate

The European Central Bank (ECB) maintained its deposit facility rate at 2%, as anticipated by market observers, marking a third consecutive meeting without any rate adjustments. This decision also impacted the main refinancing rate and marginal lending rate, which remained unchanged at 2.15% and 2.40%, respectively. This consistent stance highlights the ECB’s cautious approach towards monetary policy amidst current economic conditions.