FRANKFURT, Germany (AP) — The European Central Bank is leaving interest rates unchanged for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without the stimulus of lower borrowing costs for businesses and consumers. The bank’s rate-setting council on Thursday left the benchmark deposit rate unchanged at 2%, where it has been since a rate cut in June. Economists now think the rate could stay right there for months – and possibly into 2027. While the ECB is standing pat, Britain’s central bank cut rates by a quarter point as inflation there eases.
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