ECB stands pat, downgrades inflation forecasts

ECB keeps interest rates unchanged as widely expected, with main refinancing rate at 4.50%, marginal lending facility rate at 4.75%, and deposit facility rate at 4.00%. The central maintained the language that current inflation will contribute substantially to bring inflation down to target, given that it’s maintained for sufficiently long duration. Future decisions will remain […]

The post ECB stands pat, downgrades inflation forecasts appeared first on Action Forex.