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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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.