Lagarde Explains Decision to Hold Rates Steady in October

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in October and responds to questions from the press.

Following the October policy meeting, the European Central bank (ECB) left key rates unchanged on Thursday. The main refinancing operations (MTOs) and marginal lending facility (MLF) and deposit facility (DLF) interest rates will remain at 4.50/4.75/4.00%.

In its policy statement, the ECB noted that based on its current assessment, interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to the inflation goal.

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