MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

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MNI BRIEF: ECB Rates Unchanged, With No September Steer

ECB leaves rates on hold with no guide to future decisions.
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MNI (LONDON) - The European Central Bank left its key interest rates unchanged on Thursday, in line with expectations, and the Governing Council gave no clear steer as to future policy, saying it was "not pre-committing to a particular rate path."  (See MNI ECB WATCH: Rates On Hold, No Commitment To Sept Cut). 

The deposit rate was held at 3.75%, the refi rate at 4.25% and the marginal lending rate at 4.5%. All three rates were cut by 25bps at the June meeting, the first ECB rate cut since 2019.

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MNI (LONDON) - The European Central Bank left its key interest rates unchanged on Thursday, in line with expectations, and the Governing Council gave no clear steer as to future policy, saying it was "not pre-committing to a particular rate path."  (See MNI ECB WATCH: Rates On Hold, No Commitment To Sept Cut). 

The deposit rate was held at 3.75%, the refi rate at 4.25% and the marginal lending rate at 4.5%. All three rates were cut by 25bps at the June meeting, the first ECB rate cut since 2019.

Keep reading...Show less