At a time when economic uncertainty looms, the European Central Bank has stayed put as scheduled, reiterating that decisions will be made gradually based on data.
According to the Wise Finance APP, the European Central Bank announced on Thursday that it will maintain the deposit facility rate at 2%, in line with market expectations. The European Central Bank did not provide guidance on future decisions, reiterating that decisions will be made gradually based on information obtained at each meeting. The Governing Council of the European Central Bank stated in a statement on Thursday, "Upside risks to inflation and downside risks to growth have intensified. The Governing Council remains well-positioned to address current uncertainties."
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