00:00The European Central Bank kept its key deposit rate unchanged at 2% on Thursday for a fourth
00:05straight meeting, with the Eurozone thus far managing to handle U.S. tariffs more effectively
00:11than expected. The ECB also held its main refinancing rate at 2.15% and its marginal
00:18lending facility at 2.40%. The bank upgraded its growth outlook again, forecasting Eurozone
00:25output at 1.4% in 2025, up from 1.2%. It now expects 1.2% growth in 2026, 1.4% in 2027
00:37and 1.4% in 2028. Inflation was 2.1% in November and is forecast to average 2.1% in 2025 before
00:47easing to 1.9% in 2026. ECB President Christine Lagarde said the Eurozone is close to potential
00:55but needs stronger productivity. Some analysts are now discussing a possible rate hike in
01:012026 after ECB Executive Board Member Isabel Schanabel warned that inflation risks may be rising.
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