ECB Keeps Rates at 2 Percent as Middle East War Weighs
The ECB kept rates at 2 percent today as President Lagarde warned that Middle East conflict clouds the outlook. Risks to growth are now tilted to the downside.
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The European Central Bank (ECB) maintained its key interest rate at 2% on Thursday, citing significant uncertainty stemming from geopolitical tensions. ECB President Christine Lagarde noted that the ongoing conflict involving Iran has cast a shadow over the euro zone's economic trajectory, impacting both growth projections and price stability.
