Lagarde plays down impact of euro rally as ECB holds rates

ECB president Christine Lagarde said the euro was in a 'good place'.

The European Central Bank kept interest rates unchanged, with president Christine Lagarde downplaying the recent euro rally and again describing inflation as being in a “good place”. The deposit rate was left at 2% on Thursday — as predicted by all economists in a Bloomberg survey. 

The ECB called the economy “resilient” but did not offer guidance on future steps, reaffirming incoming data will steer decision-making.