The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro zone since the war in Iran began. The ECB's governing council opted to hold its benchmark deposit facility rate at 2% on Thursday.

The ECB is increasingly likely to raise interest rates in June if energy prices remain high and the Iran-related conflict continues.

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone. View on euronews

As expected, the European Central Bank (ECB) held policy rates steady today, extending its pause for a seventh straight meeting in the current easing cycle. Rates on the deposit facility, main refinancing operations, and the marginal lending facility remain at 2.00%, 2.15%, and 2.40%, respectively.

The bank's governing council opted against raising borrowing costs despite inflation because of low growth and low wage growth.

The European Central Bank held interest rates steady on Thursday and warned of growing risks to the growth and inflation outlook thanks to the war in the Middle East.

The European Central Bank kept interest rates on hold on Thursday and warned that the war in Iran was fuelling an ​energy-led rise in euro zone inflation while taking ‌a toll on economic activity. The central bank for

Inflation expectations among euro-area consumers jumped across the board in March, a worrying sign for European Central Bank as it assesses the knock-on effects of the Iran war.

The Federal Reserve and European Central Bank both kept interest rates unchanged this week, citing persistent inflation and uncertainty from the Iran conflict. Policymakers in both regions signaled openness to future hikes, with markets eyeing June as a ...