Markets · Market outlooks

On cusp of new inflation era, ECB set to hold rates steady

The ECB's Governing Council is due to discuss monetary policy again on Thursday. Photo: ECB.

While the Federal Reserve is expected to raise rates aggressively in the coming months, the European Central Bank, fearing the impact on Europe’s weaker economies, will remain reluctant to quickly boost Eurozone interest rates to mitigate the effects of rising prices. The ECB is due to provide a new monetary policy update on Thursday at its next six-week press conference.

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