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The ECB Interest Rate Decision is the announcement by the European Central Bank's Governing Council regarding the key interest rates for the Eurozone. These rates include the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate. This decision is a primary tool for managing inflation and maintaining price stability within the single currency area.
The Governing Council assesses economic and monetary developments, including inflation forecasts and GDP growth, to determine the appropriate policy stance. Decisions are made during meetings held every six weeks.