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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ECB Governing Council expected to leave rates unchangedThe Governing Council of the European Central Bank meets in Athens today where it's widely expected to leave interest rates on hold for the first time since last summer.
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