The European Central Bank maintains rates unchanged, citing volatile energy prices and a data-dependent approach to policy.
The European Central Bank kept its deposit rate at 2.25%, matching expectations, while leaving refinancing and lending rates at 2.40% and 2.65%, respectively. The decision reflects ongoing uncertainty around energy prices, which remain close to June projections but highly volatile.
The Governing Council emphasized its commitment to stabilizing inflation at the 2% medium-term target, without pre-committing to a specific rate path. Policymakers will continue monitoring the duration and intensity of economic shocks, including indirect effects, while adopting a meeting-by-meeting approach.
The ECB stated it remains well-positioned to navigate geopolitical and economic uncertainty, reinforcing its data-dependent stance. No immediate market reaction was specified in the announcement.