The European Central Bank (ECB) kept its key eurozone interest rates unchanged at its monetary policy meeting on Thursday.
The main refinancing operations rate, which provides liquidity to the banking system, stands at 4.5%. The ECB's deposit rate, which credit institutions receive when they park money at the bank, stands at a record-high 4%.
This is the fourth time in a row that the ECB has left key interest rates in the 20-country currency area unchanged.
The ECB ended its long era of zero and negative interest rates in July 2022. It repeatedly hiked rates in order to tame soaring inflation as the euro currency area came out of the pandemic.
The central bank ultimately raised interest rates 10 times in a row before the run ended in October.
