Christine Lagarde, president of the European Central Bank, is scheduled to address the public following the ECB’s latest Governing Council meeting, laying out the rationale behind the bank’s current monetary policy stance.
Where ECB rates stand right now
The ECB currently holds its deposit facility rate at 2%, its main refinancing operations rate at 2.15%, and its marginal lending facility rate at 2.40%.
Lagarde has consistently emphasized that the ECB targets 2% inflation over the medium term and follows a “data-dependent” approach. The Governing Council meets every six weeks to review and set monetary policy, with public communication following each meeting.
Headline inflation has climbed to around 3%, driven in large part by energy price spikes tied to geopolitical tensions in the Middle East. Core inflation, which strips out volatile food and energy prices, has shown modest easing.
