Heurist Finance

ECB holds deposit rate at 2.5% as Lagarde plans early February exit

Bloomberg ·
ECB holds deposit rate at 2.5% as Lagarde plans early February exit
  • The ECB left its deposit rate unchanged at 2.5%, as almost all economists surveyed by Bloomberg predicted.
  • Lagarde said she will leave in February to have more freedom to speak out on issues including the turmoil in her homeland.
  • The leadership news arrived hours after the rate decision and added to concern over energy costs and France.

Quotes

“The deposit rate was left at 2.5%, as predicted by almost all economists surveyed by Bloomberg.”— Bloomberg

Sources