ECB leaves interest rates unchanged as expected
Investing.com -- The European Central Bank held interest rates at record highs as expected on Thursday, as policymakers search for more evidence that sticky inflationary pressures are sustainably easing.
Despite signs of cooling price gains following a sudden uptick two years ago, officials at the central bank overseeing the 20-country eurozone currency bloc have been recently unwilling to roll out borrowing cost reductions early this year.
Instead, analysts are focusing on the ECB's communication. Economists at ING said in a note that they are curious to see if President Christine Lagarde will calibrate her messaging to pave the way for a potential cut in June this year. Lagarde is due to hold a press conference at 1345 GMT.
This is a developing story. Please check back later for updates.
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