Área Euro Taxa De Juros

ECB policymakers noted that the central bank could afford to be patient, but stressed that this should not be interpreted as hesitancy to act or an asymmetric approach. According to the accounts from the December 2025 meeting, the ECB currently viewed its monetary policy stance as appropriate, though not static. Officials observed that economic activity had proven more resilient than expected, unemployment remained at historically low levels, and the inflation outlook was favorable, with prices projected to stay around target over the forecast horizon. However, the ECB acknowledged that future developments could materially diverge from the current outlook, given the range of potential risks. As a result, monetary policy will be calibrated as conditions evolve, rather than following a predetermined path. The ECB left borrowing costs unchanged for a fourth consecutive meeting in December 2025, with the main refinancing rate remaining at 2.15% and the deposit facility rate holding at 2%.