ECB holds rates in latest monetary meeting

Confirmed wind down of bond buying in third quarter

clock • 2 min read

The European Central Bank (ECB) held interest rates at its latest meeting on monetary policy this morning, as the Governing Council judged data since its last meeting “reinforced its expectation” that net asset purchases under its asset purchase programme should conclude in the third quarter.

The decision came after Eurozone inflation climbed to 7.5% in March, up from 5.9% in February. According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the central bank had to weigh up macroeconomic forces driving inflation against slowing growth leading to possible stagflation. "The ECB found itself navigating a complex and mixed macroeconomic environment going into today's meeting," she said. "On the one hand, eurozone inflation has hit record highs, driven by soaring energy costs, with the Russia-Ukraine conflict pushing prices upwa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read
Stock pickers call for caution over rapid return to US equities

Stock pickers call for caution over rapid return to US equities

Quilter's WealthSelect boosts fixed income and reduces equity exposure

Linus Uhlig
clock 01 July 2025 • 1 min read