Monetary PolicyNews
The ECB Held Rates Steady in July — But Left the Door Open for September
- ▸The ECB's Governing Council kept its three key interest rates unchanged on July 23, 2026 — the deposit rate at 2.25%, the main refinancing rate at 2.40%, and the marginal lending rate at 2.65%.
- ▸Euro area inflation eased to 2.8% in June from 3.2% in May, but the ECB says the energy shock from the Middle East conflict has not fully fed through to prices yet.
- ▸President Christine Lagarde said the Bank is not pre-committing to a rate path and will decide meeting-by-meeting, with markets watching the September 10 meeting for a possible hike.
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
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EconoLens Editorial Team. (2026, July 24). The ECB Held Rates Steady in July — But Left the Door Open for September. EconoLens. https://econolens.co.in/news/ecb-holds-rates-steady-july-2026-energy-shock
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
The EconoLens editorial team covers global macroeconomics, monetary policy, fiscal policy, and international trade. All content is AI-assisted and fact-checked.
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