European Central Bank meeting —

At its 18 July 2024 meeting, the European Central Bank held its policy rate at 3.75%.

Decision

hold — 3.75% to 3.75%

Key passages

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

Confirms no change, market had fully priced this in.

While some measures of underlying inflation ticked up in May owing to one-off factors, most measures were either stable or edged down in June.

Suggests underlying inflation is not accelerating after all, easing some pressure.

Meeting documents

Background reading

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