The European Central Bank left the key interest rate on the main refinancing operations steady at 0%

The marginal lending facility was also kept at 0.25% and the deposit facility at -0.50%. During the press conference, Lagarde confirmed the launch of a strategic review, but failed to provide any details.

According to the central bank's press release, the review of its monetary policy strategy, which is expected to be concluded by the end of the year, will encompass quantitative formulation of price stability, monetary policy toolkit, economic and monetary analyses and communication practices. Other considerations, such as financial stability, employment and environmental sustainability, will also be part of it.