ECB officials have signalled that borrowing costs will remain elevated for a prolonged period to pull inflation back toward the 2 per cent goal
The European Central Bank is set to keep interest rates on hold for the first time in more than a year amid growing evidence that its unprecedented bout of hikes is helping to bring down inflation.
Following 10 back-to-back increases, policymakers will leave the deposit rate at 4 per cent on Thursday, according to all 59 analysts surveyed by Bloomberg.
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