ECB holds rates unchanged
(VOVWORLD) - The European Central Bank (ECB) left interest rates unchanged on Thursday. The ECB halved its key rate in the year to June but has been on hold at 2% since.
 (Photo: REUTERS/Alex Grimm) |
According to the European Central Bank’s June 2025 projections, inflation in the eurozone is expected to ease to 2% in 2025 and further to 1.6% in 2026, before returning to 2% in 2027.
The ECB also stated that the eurozone’s economic growth outlook is stable, thanks to easing trade tensions between the EU and the US and support from household consumption. In its latest forecast, the bank expects eurozone growth this year to reach 1.2%, up from the previous projection of 0.9%.
According to analysts, interest rates are likely to remain near the current level for an extended period.