On Thursday 11 September, the ECB Governing Council unanimously decided for the second time in a row to leave its main key rates unchanged, taking the view that the monetary institute continues to be well placed to carry out its task of controlling inflation over the medium term.
The “disinflationary process”, which began after the shock of rising prices caused by Russia's invasion of Ukraine, “is over”, said ECB President Christine Lagarde. “Inflation is where we wanted it to...