The European Central Bank (ECB) announced on Thursday that it left key rates unchanged following the December policy meeting. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will stay at 4.50%, 4.75% and 4.00%, respectively.

At the October meeting, the European Central Bank (ECB) kept interest rates unchanged after an unprecedented 450 basis points increase in rates within less than two years. On Thursday, December 14 at 13:15 GMT, the central bank will announce its decision, followed by President Christine Lagarde's press conference at 13:45 GMT.

The ECB will also publish updated staff macroeconomic projections. The ECB is widely expected to keep interest rates unchanged. Markets consider that the tightening cycle is over, and rate cuts are expected for the first half of the upcoming year.

Source : FXstreet