European Central Bank holds interest rates at 4.5%‎

The European Central Bank fixed interest rates at their highest level in several years, and the fix came for the second meeting in a row, continuing its efforts to confront high inflation despite positive indicators of slowing economic growth.‎

The fix was in line with expectations at its highest level in 22 years at 4.5%, with the deposit interest rate remaining at an all-time record level of 4%.

Investors are also looking at the ECB’s stance regarding speculation about imminent interest rate cuts, especially after recent dovish comments from various ECB officials have reinforced expectations that the central bank will implement cuts exceeding 150 basis points next year.