ECB holds rates steady at 2.5% after debating a hike, on day of Lagarde's resignation

The European Central Bank held all three key rates unchanged — deposit 2.50%, main refinancing 2.65%, marginal lending 2.90% — in line with expectations. The Governing Council debated whether a hike was appropriate before deciding unanimously to hold, on the day President Christine Lagarde announced her resignation, while warning that a larger, longer-lasting energy shock could raise inflation and lower growth.

Detected & updated continuously · Source: Nebula