The European Central Bank left its interest rates unchanged on Thursday, as expected, even as policymakers expressed increasing concern over the impact of the surging energy prices and the intensifying war in the Middle East.
The Governing Council, led by ECB President Christine Lagarde, left the benchmark - the deposit rate steady at 2.0 percent, the main refinancing rate at 2.15 percent and the marginal lending rate at 2.40 percent. Rates were held steady for a seventh policy session in a row.
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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.