ECB leaves rates unchanged
Financial Express Mumbai|April 12, 2024
THE EUROPEAN CENTRAL Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.
ALEXANDER WEBER, JANA RANDOW& MARK SCHROERS

The deposit rate was left at a record-high 4%, as overwhelmingly predicted by a Bloomberg poll. But the Governing Council flagged a possible reduction in its accompanying statement for the first time, contingent on its economic forecasts indicating consumer-price growth is safely headed to 2%.

This story is from the April 12, 2024 edition of Financial Express Mumbai.

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This story is from the April 12, 2024 edition of Financial Express Mumbai.

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