ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
The European Central Bank’s (ECB) governing council kept the key deposit rate unchanged at 4% after its monetary policy meeting today (October 26).
In a unanimous decision, the eurozone’s central bank paused the policy tightening it started in July 2022 after 10 consecutive rate hikes.
In the press conference following the meeting, ECB president Christine Lagarde said the governing council had not discussed stopping the reinvestment of assets the central bank holds under the Pandemic Emergency
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