ECB to Hold Rates, Delay Exit Debate Until March

The European Central Bank is expected to keep interest rates at a record low of 1.0 percent at its meeting on Thursday, and hold off until March before looking at an unwinding strategy for crisis support measures.
[mserve id=”Central_Bank_ECB.jpg” align=”left” width=”291″ caption=”European Central Bank” alt=”European Central Bank ECB” title=”European Central Bank “]

All 86 economists in a recent Reuters poll expected the ECB to keep rates at their record low of 1.0 percent this month and only two saw any change before the middle of the year.

ING senior economist Carsten Brzeski said thrill-seekers could safely disregard Thursday’s monthly meeting, just three weeks after the January decision, and come back in March.

“Then, the ECB will present the latest staff forecasts and probably also (decide) whether and when the ECB’s open market operations return to flexible tenders and limited allotments,” he said.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.