• Prior decision
  • Deposit facility rate 2.00% vs 2.00% expected
  • Prior 2.00%
  • Main refinancing rate 2.15% vs 2.15% expected
  • Prior 2.15%
  • Marginal lending facility 2.50%
  • Prior 2.50%
  • Assessment of the inflation outlook is broadly unchanged
  • New ECB staff projections present a picture of inflation similar to that projected in June
  • Headline inflation seen averaging 2.1% in 2025, 1.7% in 2026 and 1.9% in 2027
  • Core inflation seen averaging 2.4% in 2025, 1.9% in 2026 and 1.8% in 2027
  • The economy is projected to grow by 1.2% in 2025 (previously 0.9%)
  • The growth projection for 2026 is now slightly lower, at 1.0%, while the projection for 2027 is unchanged at 1.3%
  • Will continue to ollow a data-dependent and meeting-by-meeting approach
  • ECB is not pre-committing to a particular rate path
  • Full statement
Source: Investing Live