ECB Keeps Rates at 2% as War Clouds Growth Outlook
The ECB kept interest rates at 2% today. President Christine Lagarde warned that Middle East conflict is weighing on growth and clouding the economic outlook.
Xurve View
Xurve View
The European Central Bank maintained its key interest rate at 2% on Thursday, as President Christine Lagarde warned that the war on Iran is clouding the euro zone's outlook for growth and inflation. During a news conference in Frankfurt, Lagarde noted that risks to the growth outlook are currently tilted to the downside, primarily due to geopolitical tensions and their impact on energy markets.
