ECB Leaves Key Deposit Rate Unchanged at 2%

As widely expected, the European Central Bank (ECB) kept its benchmark interest rate unchanged as the eurozone economy shows resilience and inflation remains close to the ECB’s 2% target, Doloresz Katanich reported for Euronews.

The rate has stayed at at 2% since June, when it was cut by 25 basis points.

The ECB held its deposit facility rate — the interest banks earn on overnight deposits with the central bank — at 2%, its lowest level in more than two years.

The rate has stayed at that level since June, when it was cut by 25 basis points. The central bank also left its main refinancing rate at 2.15% and its marginal lending facility at 2.40%.

Since June 2024, the ECB has cut rates eight times, down from a record 4%. Thursday’s meeting was its first since the EU and US finalized a trade agreement.