The Governing Council met today in Athens to discuss its monetary policy, as it routinely holds one of its annual monetary policy meetings outside its headquarters in Frankfurt.
The European Central Bank (ECB) will maintain its policy interest rates of 4.5% and will wait to see how the restrictive monetary policy is transferred to the economy, which is contracting.
The Board of Directors met on Thursday in Athens to discuss its monetary policy, as it typically holds one of its annual monetary policy meetings outside its headquarters in Frankfurt.
Markets and analysts expected the ECB to maintain its interest rates at 4.5% deposit interest of 4% at a complex time when the European economy is shrinking.
The European economist at the DWS fund manager, Ulrike Kastens, believed that “for the first time since July 2022” was “unlikely” The ECB will raise interest rates at its next meeting.
Source: EITB
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