Eurozone interest rates will remain at 0% as Lagarde does not think inflation will impact the region as badly as the United States.
While the Federal Reserve continues to threaten interest rate hikes amid rising inflation, the ECB has taken a different approach. Bank President Christine Lagarde stated they will “not rush into a decision,” deeming inflation as merely a short-term problem.by CNBC, the ECB’s refinancing rate will remain at 0%. Meanwhile, its marginal lending rate will stay at 0.25%, and its deposit facility rate will be kept at -0.5%.
The decision may come as a surprise given rising inflation in the region, mimicking that of the United States. The Eurozones’ YOY inflation came in at 5.1% in January, dwarfing economists’Earlier today, Lagarde admitted that inflation is expected to stick around for longer than expected, but that it will cool off towards the end of the year. She made similar
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