European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

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The ECB is unlikely to change rates in the near future
ECB likely to hold rates at a 2% deposit; markets price no move. Inflation is nearer target and expectations ticked up to 2.5%, so the path may be revised slightly higher on energy. Activity is improving—composite PMI 51.0 and manufacturing above 50—signaling modest recovery. Q3 GDP may be nudged up; core inflation still converging to 2%. Baseline: keep policy on hold this year while monitoring data.
by Łukasz Zembik
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