European Central Bank maintains record-high rates for fifth consecutive meeting, hinting at potential rate cut.
The European Central Bank (ECB) held rates at record highs for the fifth consecutive meeting, indicating a possible rate cut in the near future. The ECB added a new line to their statement, emphasizing that their policy rates will remain sufficiently restrictive until their inflation outlook improves. This comes as central banks around the world grapple with when to cut rates amid economic uncertainty.
April 11, 2024
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