The ECB maintains interest rates despite confirming the economic slowdown and the drop in inflation. Lagarde foresees that the CPI of the euro zone will already be at 2.3% this year and at 2% in 2025.
Frankfurt was stripped of any roadmap when the inflation crisis broke out, sending prices soaring above 10% in autumn 2022. The monetary authority continues without hesitation when faced with the dilemma of choosing between growth or inflation. The ECB conclave unanimously resolved to maintain interest rates at 4.5% and the deposit facility at 4%.