The euro zone’s central bank held interest rates steady for a fifth straight meeting.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
The ECB on Thursday said incoming information had"broadly confirmed" its medium-term outlook, with falling inflation led by lower food and goods."For a while now, the ECB has essentially pre-committed to a June cut. There is a high bar for this not to be delivered. But there is a wide range of possible outcomes in the subsequent months, depending on further progress with disinflation.
In the case of the Riksbank, this would be due to the weakening of the Swedish krona fueling inflation, Jansson
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