ECB Interest rates and US GDP – Jan 25th, 2024

During its inaugural gathering of 2024, the European Central Bank (ECB) decided to maintain its record-high interest rates, as it was expected. The bank committed to keeping these rates at levels that are adequately stringent until inflation returns to its 2% objective promptly. During the press conference that follows the press release, President Lagarde said “We are determined to ensure that inflation returns to our 2% target in the near future. We will continue to follow a data-dependent approach”.