The European Central Bank held its key interest rates and forward guidance unchanged in April, after it announced long-term loans for banks in March, as activity in the euro area economy remains sluggish.
The Governing Council, led by ECB President Mario Draghi, left the key interest rates unchanged after the policy session in Frankfurt on Wednesday, as expected.
The main refi rate is currently at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate is at 0.25 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.