The European Central Bank has kept the deposit facility rate steady at 2%, aligning with market expectations after a series of rate cuts, indicating a cautious approach amid stabilizing inflation.
On July 24, the European Central Bank announced it is holding the deposit facility rate at 2%, consistent with market predictions, following seven consecutive rate cuts. The main refinancing rate and marginal lending rate also remained unchanged at 2.15% and 2.40%, respectively, reflecting the ECB's careful stance as it monitors economic conditions and inflation targets.