The ECB eases pressure on households by keeping interest rates stable at 2.65%

The European Central Bank (ECB) has decided to keep interest rates stable after two consecutive hikes aimed at combating persistent inflation in the Eurozone. Official rates will remain at 2.65% for bank loans and 2.5% for deposit facilities until at least the December meeting. This decision aligns with market expectations during a transitional meeting where Christine Lagarde shifted focus from France to her early departure announcement. Sources indicate that her early exit is linked to the critical situation in France, marked by unprecedented public debt and social tensions. With inflation in Europe at 3.8%, the ECB's goal of keeping prices below 2% remains unachieved.