The European Central Bank left interest rates unchanged on Thursday, with President Christine Lagarde saying policymakers are “in a good place” despite inflation falling below target, stressing that the ECB “cannot be hostage to one data point” as it sticks to a data-dependent, meeting-by-meeting approach.
Bulgaria becomes 21st euro area member
The meeting opened with a symbolic gesture as the ECB welcomed Bulgaria to the euro area, effective 1 January 2026. Dimitar Radev, Governor of the Bulgarian National Bank, joined the ECB’s Governing Council with voting rights, marking…
