ECB keeps base interest rate at current levels

The European Central Bank (ECB) at its meeting on December 14 kept the base interest rate at 4.5% per annum, Report informs referring to the regulator’s statement.

The regulator’s decision coincided with the forecast of analysts surveyed by the DailyFX portal.

The interest rate on main refinancing operations, as well as interest rates on the marginal credit line and deposit line will remain unchanged and amount to 4.5%, 4.75% and 4%, respectively, reads the statement.

In addition, the ECB lowered its forecast for eurozone GDP growth for the current year to 0.6% from 0.7% expected in September.

The forecast for 2024 was also lowered to 0.8% from the previously expected 1%.

In 2025, the ECB expects eurozone GDP to increase by 1.5%, as before.