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ECB considers strengthening eurozone economy to be “crucial” in face of geopolitical challenges
The European Central Bank
The European Central Bank paused its rate-cutting campaign today (July 24).
In its monetary policy statement, ECB president Christine Lagarde said the bank was taking a “wait and watch” stance in an environment characterised by “exceptional uncertainty”.
Lagarde said the effects of the 2021–22 inflationary wave were now well and truly in the past. She added that with the bank’s deposit facility rate at 2%, its main refinancing operations rate at 2.15% and its marginal lending facility rate at 2.65
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