ECB holds rates in latest monetary meeting

Confirmed wind down of bond buying in third quarter

clock • 2 min read
Inflation climbed to 7.5% in March in the Eurozone
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Inflation climbed to 7.5% in March in the Eurozone

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,...

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