ECB Keeps Rates at 2 Percent and Warns of Economic Risks
The ECB held rates at 2 percent today as Lagarde warned that Middle East conflict clouds the outlook. She noted growth risks are tilted to the downside.
Xurve View
Xurve View
The European Central Bank maintained its key interest rate at 2% on Thursday, as officials warned that the conflict involving Iran is creating significant uncertainty for the euro zone's economic growth and inflation outlook. President Christine Lagarde noted that while the bank is well-positioned to respond to shocks, the geopolitical situation remains a primary concern for the Governing Council.
