The European Central Bank (ECB) announced its interest rate decision on Thursday at the conclusion of its September 1011 meeting, leaving rates unchanged at 2.15% the lowest level since October 2022 in line with most global market expectations, marking a second consecutive hold.

Policymakers at the ECB believe there is no need for further rate cuts to achieve the 2% inflation target, despite new economic projections pointing to a decline in interest rates over the next two years.

This statement is considered positive for the euro.