European Central Bank meeting —

At its 11 April 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 change as expected; focus shifts to forward guidance.

most measures of underlying inflation are easing, wage growth is gradually moderating, and firms are absorbing part of the rise in labour costs in their profits.

Shows some disinflation progress but firms absorbing costs, limiting immediate urgency to cut.

Meeting documents

Background reading

Previous meeting · Next meeting · Open the full decision workspace

The Cadence Brief

The one number that moved central bank pricing — delivered each weekday morning.

Free. One email a day. Unsubscribe anytime.