ECB leaves interest rates unchanged

Projected growth for 2025 has been revised up

The decision means the ECB’s deposit facility, used by banks to make overnight deposits with the Eurosystem, remains at 2%.

The European Central Bank has left interest rates across the eurozone unchanged, at its latest policy meeting.

Announcing the decision, the ECB said "Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged."