The European Central Bank (ECB) announced on April 30, 2026 that it would keep its three key policy rates unchanged – the deposit facility rate at 2.00%, the main refinancing operations rate at 2.15% and the marginal lending facility rate at 2.40%. New data largely confirm the ECB’s view that inflation expectations remain anchored, but upward inflation risks and lower growth risks have risen, largely driven by higher energy prices caused by the Middle East conflict. The ECB remains committed to bringing inflation back to its 2% medium‑term target. It will continue to monitor the situation and use all instruments, including asset‑purchase programs and the Transmission Protection Instrument, to maintain price stability.
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