ECB holds rate at 2.5% amid Lagarde's departure and the French bond crisis
The European Central Bank on Thursday left its key rate at 2.5%, despite inflation of 3.8% — nearly double the target. The meeting took place just hours after Christine Lagarde announced she would step down as ECB President in February 2027. The decision was made against the backdrop of a sell-off in French government bonds and rising borrowing costs across the eurozone. The European Central Bank on Thursday left its key rate at 2.5%, despite inflation of 3.8% — nearly double the target. The meeting took place just hours after Christine Lagarde announced she would step down as ECB president in February 2027. The decision came against the backdrop of a sell-off in French government bonds and rising borrowing costs across the eurozone.
Aziz Karimov