Name: ECB keeps rates unchanged
Uploaded: 2026-02-05T17:22:00.000Z
Duration: 1 min 54 s
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The European Central bank left interest rates on hold as expected on Thursday.

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It played down the impact of dollar moves on its future policy choices and said its inflation outlook remained largely unchanged.

The eurozone's central bank has been on hold since ending a year long run of rate cuts in June.

Surprisingly, resilient growth coupled with easing price pressures have taken nearly all the pressure off policymakers to provide any further support.

In a statement, ECB chief Christine Lagarde acknowledged global trade policy and geopolitical tensions, but

said an updated assessment still saw inflation stabilizing at its 2% target in the medium term.

The economy remains resilient in a challenging global environment.

Low unemployment, solid private sector balance sheets, the gradual rollout of public spending on defence and and infrastructure and the supportive effects of our past interest rate cuts are underpinning growth.

Asked what impact on its outlook last week's dollar tumble and rebound might have, Lagarde said the bank noted that dollar depreciation wasn't new.

What we observed collectively is that the dollar has depreciated measurably against the euro, but

not in the last few days, but since March 2025.

That's when you see the significant change at the time.

Inflation, the ECB's primary focus, slipped to 1.7% across the eurozone last month on low energy costs and could dip further before a forecast rebound next year.

But if anything, longer term, inflation expectations have been inching up, not down, on solid activity data and energy price ris.