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ECB Pauses Rates Ahead Of Likely September Cut

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024 lt

The European Central Bank left its key interest rates unchanged on Thursday, as expected, after lowering them for the first time in five years in the previous session, as policymakers head into a summer break ahead of a possible rate reduction in September even as they worry about the sticky inflation.

The Governing Council, led by ECB President Christine Lagarde, held the main refinancing rate at 4.25 percent, the deposit facility rate at 3.75 percent and the marginal lending rate at 4.50 percent.

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Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.