The interest rate on the deposit facility will remain at 2.25%, the interest rate on main refinancing operations at 2.40%, and the interest rate on the marginal lending facility at 2.65%.
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According to the report, although the energy price outlook is highly volatile, it currently aligns with the Eurosystem staff projections’ baseline scenario for June and significantly exceeds the level recorded before the conflict in the Middle East.
“Uncertainty remains high, and the full impact of the energy shock on inflation has not yet materialized. Therefore, the Governing Council is closely monitoring the intensity and duration of the shock, as well as the extent of its indirect and secondary effects. The Governing Council is committed to formulating monetary policy in such a way that inflation stabilizes at its target level of 2% in the medium term,” the statement said.
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