Figure 12  Inflation  (monthly data; 3-month annualised percentage changes)  20  US  UK  EZ  20  15  15  10  10  5  5  0  0  -5  -5 2021  2022  Source: Eurostat, UK Office for National Statistics and US Bureau of Labor Statistics. Note: EZ denotes the euro area.
After this examination, the interest rate on the main refinancing operations of the Eurosystem was left at 3.0% and the interest rates on the marginal lending facility and on the deposit facility were maintained at 4.0% and 2.0% respectively. Allow me to outline the main elements of our assessment of the latest information on monetary, financial market and other economic developments.