Revision History

1 revisions for "Frozen in Place: The ECB Holds Rates at 2% as War-Driven Inflation and Stalling Growth Pull in Opposite Directions"

Anonymousabout 3 hours ago

The European Central Bank held its deposit facility rate at 2.0% for the third consecutive meeting on April 30, 2026, as eurozone inflation surged to 3.0% — driven by the Middle East conflict's impact on energy prices — while GDP growth slowed to just 0.1% quarter-on-quarter. The decision has exposed deep divisions within the Governing Council, with hawks like Bundesbank President Joachim Nagel pushing for rate hikes and doves warning that tightening into a supply shock risks tipping the bloc into recession.