The European Central Financial institution saved rates of interest at an all-time excessive of 4.5% on Thursday.
The announcement is the fifth consecutive pause since October and was broadly anticipated.
The financial institution’s rate-setting council stated it could look forward to affirmation that quickly receding inflation is firmly beneath management earlier than deciding to chop rates of interest.
“Most measures of underlying inflation are easing… however home value pressures are sturdy and are protecting companies value inflation excessive,” it stated.
ECB analysts will current new financial and inflation forecasts in June.
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zc/wmr (AFP, Reuters, dpa, AP)
