ECB leaves rates on hold
Lagarde still eyeing summer rate cut
EURUSD consolidating after correction
The European Central Bank left interest rates on hold on Thursday and claimed inflation is progressing towards its target while giving no clear guidance on when interest rates will start falling.
We came into the new year with markets pricing in a March rate cut and that is now looking increasingly difficult. Even with a late pivot.
Jan 25, 2024
by Craig Erlam
