The euro was up 0.4% at $1.083 in recent trading. It had been flat against the U.S. dollar before the rate announcement.
The 10-year German bond yield—the benchmark for borrowing costs in Europe—rose to 2.9%, from 2.84% before. Yields rise as prices fall.
The central bank’s update was a mixed bag. It raised its 2025 inflation forecast, cut its annual eurozone growth forecasts through next year, and warned about the risk of trade tensions.
