European Central Bank keeps interest rates steady as services sector drives economic growth

The European Central Bank left interest rates unchanged at its policy meeting today, February 5, 2026, and gave no indication of its next policy move. This decision reinforces market expectations that policy will remain steady while the bloc records steady growth and inflation near target. The announcement was expected and is materially relevant to financial markets and the policy outlook now.

Economic conditions across the region remain stable, with steady growth observed in the manufacturing sector and the construction sector. The services sector (information and communication) also continues to perform steadily, contributing to the overall economic backdrop of the euro-area. These factors supported the decision to maintain current interest rate levels without signaling future changes.