"The European Central Bank left interest rates unchanged today, as expected, but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year."
"The ECB halved its key rate to 2pc in the year to June but has been on hold ever since, arguing that the 20-country euro zone economy is in a "good place", even if more easing cannot be ruled out."
The European Central Bank left interest rates unchanged today and provided no indications about the timing or direction of future policy moves. Investors continue to expect additional support as inflation is forecast to dip below the ECB's target next year. The ECB reduced its key rate to 2pc over the year to June and has remained on hold since that cut. The bank described the 20-country euro zone economy as being in a "good place" while acknowledging that further easing cannot be ruled out. Market participants are therefore pricing potential additional easing in response to weakening inflation.
Read at Irish Independent
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