ECB Holds Rates, Revises Growth Down, and Raises Inflation Outlook Amid Geopolitical Tensions

The European Central Bank (ECB) has maintained its main interest rate for the sixth consecutive time, revising down Europe's growth forecast and raising its inflation expectations, citing ongoing uncertainty and risks from heightened geopolitical tensions, while analysts had anticipated the decision to keep the deposit rate at 2% and refinancing rate at 2.15%.