Saturday, July 24

The European Central Bank keeps its key rates at their historic low

The euro zone economy is rebounding strongly, but the Covid-19 and its variants remain a concern for the ECB. The European Central Bank has therefore decided to keep its key rates at their historic low and all of its exceptional system. support for the economy Christine Lagarde

“The recovery of the euro area economy is on track, welcomed Christine Lagarde, President of the ECB. More people are getting vaccinated and containment restrictions have been relaxed in most countries in the euro area. But the pandemic continues to cast a shadow, especially as the Delta variant is a source of growing uncertainty. “

The rise in contamination could slow down the recovery in services, particularly in tourism and hotels

The ECB will not consider a rate hike before seeing the “long-term” inflation outlook reach its new target set at 2%.

Leave a Reply

Your email address will not be published. Required fields are marked *