- Prior decision
- Deposit facility rate 2.00% vs 2.00% expected
- Prior 2.25%
- Main refinancing rate 2.15% vs 2.15% expected
- Prior 2.40%
- Marginal lending facility 2.50%
- Prior 2.65%
- Inflation is currently at around the 2% medium-term target
- Most measures of underlying inflation suggest that inflation will settle at around 2% target
- ECB will follow a data-dependent, meeting-by-meeting approach to determine appropriate policy stance
- ECB is not pre-committing to a particular rate path
- Headline inflation is set to average 2.0% in 2025, 1.6% in 2026 and 2.0% in 2027
- Core inflation is set to average 2.4% in 2025 and 1.9% in 2026 and 2027
- Real GDP growth is seen averaging 0.9% in 2025, 1.1% in 2026 and 1.3% in 2027
- Full statement
This article was written by Justin Low at www.forexlive.com.
