The ECB leaves interest rates on hold. “Favourable position to face uncertainty”

MILAN – The European Central Bank leaves the cost of money unchanged. The interest rate on deposits remains at 2.50%, that on main refinancing at 2.65%, that on marginal loans at 2.90%. The move, widely expected by the markets, follows two 25 basis point increases announced in 2026 and replicates the decision of the US Federal Reserve.

The Governing Council, he explains in a note, remains in a favorable position to address the current situation of high uncertainty. To define the appropriate monetary policy stance, “it will follow a data-driven approach, according to which decisions are taken on a case-by-case basis at each meeting.”