ECB leaves key interest rate at 2.5 percent despite increased inflation

The key interest rates in the euro area remain unchanged for the time being despite increased inflation. The deposit interest rate, which is important for banks and savers, remains 2.5 percent, as the Council of the European Central Bank (ECB) decided in Frankfurt. The ECB raised key interest rates in September for the second time since the start of the Iran war.

The head of the ECB, Christine Lagarde, already made headlines this morning. She announced her early retirement in February. This clears the way for a new position to be filled before the French presidential election next year.