7 Feb 2026, Sat

ECB’s Escriva sees interest rates stable

MADRID, Feb 6 (Reuters) – ECB policymaker Jose Luis Escriva told Spanish radio station Cadena SER he expected interest rates to remain steady in the foreseeable future as inflation expectations were anchored around the institution’s 2% inflation goal.

The European Central Bank left interest rates on hold as expected on Thursday and played down the impact of dollar moves on its future choices, with a largely unchanged inflation outlook also suggesting steady policy for months to come.

The euro zone’s central bank has been on hold since ending a year-long run of rate cuts in June, and surprisingly resilient growth has taken nearly all pressure off policymakers to provide any further support.

(Reporting by Jesús Aguado; Editing by Emma Pinedo)