Macro· ★★★· neutral·

ECB holds rates at 2.65% as Lagarde confirms 2027 exit

  • —ECB held its key rate at 2.65%, in line with analyst expectations
  • —The pause reflects energy-price risks to inflation and growth
  • —Lagarde will leave the ECB presidency on February 7, 2027
  • —Bitcoin remains more sensitive to Fed policy than to ECB decisions
Why it matters: The hold is largely priced in, but Lagarde's departure could shift ECB policy and EU crypto licensing outlook.
Source: BTC-ECHO