The European Central Bank (ECB) decided to keep its key interest rates unchanged. This decision was made in a context where timid signs of economic stabilization are beginning to emerge in the eurozone, according to the Argentine News Agency.
The institution communicated that it will not anticipate a concrete trajectory for future decisions.
According to the latest ECB forecasts, the average inflation rate is expected to be:
- 2.1% in 2025
- 1.9% in 2026
- 1.8% in 2027
- 2% in 2028
The goal is for inflation to "stabilize around 2% in the medium term," the bank stated.
The rates will remain at:
- 2% for the deposit facility
- 2.15% for main refinancing operations
- 2.4% for the marginal lending facility
Growth Indicators
GDP growth in the eurozone reached 0.3% in the third quarter, driven by consumption and investment.
Updated projections show increases of:
- 1.4% in 2025
- 1.2% in 2026
- 1.4% in 2027 and 2028
The ECB highlighted the role of the "solid labor market" in the recovery, with an unemployment rate of 6.4% in October, close to historical lows.
Perspectives
"There is no reason for an immediate change in stance, neither up nor down," assessed economist Carsten Brzeski of ING, stating that the institution will wait for additional signals before starting a cycle of cuts or hikes.
