ECB President Lagarde said on the 23rd that since the outbreak of the war in the Middle East, the rise in energy prices and its impact on the prices of goods and services is likely to cause the Eurozone inflation rate to continue above the target level until the first half of 2027. The ECB held a monetary policy meeting on the same day and decided to keep the three key interest rates in the Eurozone, the Eurozone deposit mechanism interest rate, the main refinancing interest rate, and the marginal loan interest rate unchanged at 2.25%, 2.40%, and 2.65%, respectively.

ECB President Lagarde said on the 23rd that since the outbreak of the war in the Middle East, the rise in energy prices and its impact on the prices of goods and services is likely to cause the Eurozone inflation rate to continue above the target level until the first half of 2027. The ECB held a monetary policy meeting on the same day and decided to keep the three key interest rates in the Eurozone, the Eurozone deposit mechanism interest rate, the main refinancing interest rate, and the marginal loan interest rate unchanged at 2.25%, 2.40%, and 2.65%, respectively.