ECB holds interest rates as strong euro causes jittersEuropean Central Bank President Christine Lagarde has been saying that interest rates are in a 'good place'. "Low unemployment, solid private-sector balance sheets, the gradual rollout of public spending on defence and infrastructure and the supportive effects of the past interest rate cuts are underpinning growth," it added. "The Governing Council is not pre-committing to a particular rate path," it said. The Bank of England also left its benchmark interest rate unchanged Thursday, at 3.75%, while cutting its forecasts for UK growth this year and next. The ECB does not target any particular exchange rate, but its officials do monitor currency movements as they could impact inflation.

Source: Bangkok Post February 05, 2026 15:38 UTC