Frankfurt (EFE).- This Thursday, the European Central Bank (ECB) decided to maintain the interest rate for bank deposits in the eurozone at 2%, despite the rise in oil and gas prices resulting from the conflict in Iran and the increase in violence in the Middle East. The ECB Governing Council stated that it «is determined to ensure that inflation remains at the target of 2% in the medium term,» according to a statement. The ECB noted that «the conflict in the Middle East has generated upward inflationary risks and has affected economic growth, which has increased uncertainty in the projections.» Furthermore, «the war will have a significant effect on inflation in the short term due to the increase in energy prices.»
The ECB keeps interest rates at 2% despite the surge in energy prices.
