fromLondon Business News | Londonlovesbusiness.com
14 hours agoECB keeps rates on hold despite below-target inflation - London Business News | Londonlovesbusiness.com
The European Central Bank (ECB) held its key interest rates unchanged following the February meeting of the Governing Council, in line with Cebr projections.
This marks the fifth consecutive hold, despite a below-target inflation reading of 1.7% in January, the lowest level since 2021.
The decision to hold rates also comes despite a recent Euro rally against the dollar, which is expected to add disinflationary pressure through cheaper imports and weigh on growth by making the bloc's exports more expensive.