European Central Bank meeting —

At its 14 December 2023 meeting, the European Central Bank held its policy rate at 4.00%.

Decision

hold — 4.00% to 4.00%

Key passages

The Governing Council today decided to keep the three key ECB interest rates unchanged.

Rates on hold as expected, no surprise.

Overall, staff expect headline inflation to average 5.4% in 2023, 2.7% in 2024, 2.1% in 2025 and 1.9% in 2026.

Inflation projected below target in 2026, allowing eventual rate cuts.

Meeting documents

Background reading

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