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ECB Holds Rates Steady Amid Resilient Growth Concerns

2/5/2026

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Story summary
  • The European Central Bank kept key rates unchanged in February: deposit 2.0%, main refinancing 2.15%, and marginal lending 2.4%.
  • ECB President Christine Lagarde said the data-driven approach accompanies resilient growth and inflation at 1.7% in January.
  • She warned a stronger euro could dampen inflation and slow progress toward the 2% target.
  • The central bank aims for 2% inflation in the medium term, with the next meeting on March 19, 2026.