The entity thus updates its forecasts on the gross domestic product and inflation of the eurozone.
The Governing Council of the European Central Bank (ECB) is living up to expectations and, after its last meeting today, has decided to maintain interest rates at 4.5%, in a context of contraction of the eurozone economy and a decline in inflation to 2.4%. in November.
As a result, the interest rate on the main financing transactions and the interest rate on the marginal credit facility and the deposit facility remain at 4.50%, 4.75% and 4.00% respectively.
The European Central Bank is therefore updating its forecasts for gross domestic product (GDP) and inflation in the eurozone. The last update was in September.
Today the committee met again to adopt the final estimates for the year, which will in turn serve to verify what the organization expects for 2024, with the eurozone on the brink of a technical recession.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
