The European Central Bank's Governing Council announced on April 30, 2026, that it would keep its three key interest rates unchanged—including the deposit facility rate at 2% and main refinancing operations rate—prompting traders to price no change at 100% implied probability. This decision reflects March Eurozone inflation rising to 2.6% annually from 1.9% in February, balanced against sluggish growth forecasts of 0.9% for 2026, geopolitical shocks like the Iran conflict, and calls from President Lagarde for more data amid uncertainty. Prior meetings in March and February also held steady. With the official outcome confirmed, realistic challenges are minimal but could include rare data revisions or resolution disputes over exact rate definitions.