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The ECB has kept the rate at the same level of 4.5%

April, 11 2024
watermark Economic news

The European Central Bank (ECB) has left deposit rates at record levels for the fifth time in a row, according to the regulator's website.


The ECB Governing Council has kept interest rates unchanged. The base rate remained at 4.5%, the marginal loan rate is 4.75%, and the deposit rate is 4%.


The press release indicates that the regulator continues to strive to return inflation to the medium-term target of 2%. The Board also believes that key rates are now at a level that makes a significant contribution to the current disinflation process.


The regulator's decision coincided with market expectations. None of the 73 economists who participated in the survey from March 25 to 28 expected a rate cut at the April 11 meeting. Almost 90%, or 68 respondents, predicted that the first ECB rate cut would occur in June 2024.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.