The ECB Governing Council left the key ECB interest rates unchanged
July 18, 2024
The Governing Council decided today to leave the three key ECB interest rates unchanged. The information received confirms the Governing Council’s previous assessment of the medium-term inflation outlook. Although some indicators of underlying inflation increased in May due to one-off factors, most indicators either remained stable or declined in June. As expected, the inflationary impact of high wage growth was dampened by profits. Monetary policy continued to provide restrictive financing conditions.