European Central Bank meeting —

At its 7 March 2024 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.

No surprise; rates on hold.

Staff now project inflation to average 2.3% in 2024, 2.0% in 2025 and 1.9% in 2026.

Inflation seen returning to target by 2025, undershooting in 2026.

Meeting documents

Background reading

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