European Central Bank keeps rates on hold in the face of inflation threat

Business

The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro zone since the war in Iran began. The ECB's governing council opted to hold its benchmark deposit facility rate at 2% on Thursday. In a statement, the bank said that while its previous assessment of the inflation outlook was largely unchanged, "the upside risks to inflation and the downside risks to growth have intensified." It said its Governing Council remained committed to

Tag-uri: Inflatie