• Main rate remains at 4.50%
  • The war is having significant economic consequences, both on real economic activity and on the financial markets, and the country’s risk premium remains high
  • GDP contracted by 5.2 percent in the fourth quarter of 2023
  • The interest rate path will be determined in accordance with the continued convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy
  • Full statement

This announcement was a bit of a nightmare as a newswire initially reported that they cut rates. I can't imagine if that ever happened on an FOMC decision.