Skip to content
The Honourable Barry Petten, Deputy Premier and Minister of Transportation and Infrastructure, will provide an update on a highway infrastructure project today (Thursday, December 18).
The media availability will take place in the scrum area in front of the House of Assembly, Confederation Building, at 1:00 p.m.
Minister Petten will be joined by Jerry Earle, President of the Newfoundland and Labrador Association of Public and Private Employees.
-30-
2025 12 18
9:50 am
Adeloye, D. et al. Global, regional, and National prevalence of, and risk factors for, chronic obstructive pulmonary disease (COPD) in 2019: a systematic review and modelling analysis. Lancet Respir Med. 10, 447–458.
NEW YORK (AP) — The last major meteor shower of the year, known as the Ursids, peaks soon, bringing glowing streaks to nighttime and early morning skies. Compared to other meteor showers, it’s more subdued, but experts say it’s still worth a…
NEW YORK (AP) — The last major meteor shower of the year, known as the Ursids, peaks soon, bringing glowing streaks to nighttime and early morning skies. Compared to other meteor showers, it’s more subdued, but experts say…
18 Dec 2025
18 December 2025
The Governing Council today decided to keep the three key ECB interest rates unchanged. Its updated assessment reconfirms that inflation should stabilise at the 2% target in the medium term.
The new Eurosystem staff projections show headline inflation averaging 2.1% in 2025, 1.9% in 2026, 1.8% in 2027 and 2.0% in 2028. For inflation excluding energy and food, staff project an average of 2.4% in 2025, 2.2% in 2026, 1.9% in 2027 and 2.0% in 2028. Inflation has been revised up for 2026, mainly because staff now expect services inflation to decline more slowly. Economic growth is expected to be stronger than in the September projections, driven especially by domestic demand. Growth has been revised up to 1.4% in 2025, 1.2% in 2026 and 1.4% in 2027 and is expected to remain at 1.4% in 2028.
The Governing Council is determined to ensure that inflation stabilises at its 2% target in the medium term. It will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance. In particular, the Governing Council’s interest rate decisions will be based on its assessment of the inflation outlook and the risks surrounding it, in light of the incoming economic and financial data, as well as the dynamics of underlying inflation and the strength of monetary policy transmission. The Governing Council is not pre-committing to a particular rate path.
The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will remain unchanged at 2.00%, 2.15% and 2.40% respectively.
The APP and PEPP portfolios are declining at a measured and predictable pace, as the Eurosystem no longer reinvests the principal payments from maturing securities.
***
The Governing Council stands ready to adjust all of its instruments within its mandate to ensure that inflation stabilises at its 2% target in the medium term and to preserve the smooth functioning of monetary policy transmission. Moreover, the Transmission Protection Instrument is available to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across all euro area countries, thus allowing the Governing Council to more effectively deliver on its price stability mandate.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:45 CET today.
His Majesty Sultan of Oman Haitham bin Tarik conferred upon Prime Minister Shri Narendra Modi the ‘Order of Oman (First Class)’ award for his exceptional contribution to India-Oman ties and his visionary leadership.
2. Prime Minister dedicated…
Apple’s highly anticipated foldable iPhone could face supply shortages into 2027 despite a planned launch next year, according to analyst Ming-Chi Kuo.
Kuo said in a new research note:
“Development of the foldable iPhone is behind earlier…