European Central Bank meeting —
At its 18 December 2025 meeting, the European Central Bank held its policy rate at 2.00%.
Decision
hold — 2.00% to 2.00%
Key passages
The Governing Council today decided to keep the three key ECB interest rates unchanged.
Inflation has been revised up for 2026, mainly because staff now expect services inflation to decline more slowly.
Meeting documents
Background reading
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