Central Banks
ECB Set to Hit Pause on Historic Rate-Hiking Campaign
- Economists unanimously predict deposit rate will be held at 4%
- Officials to mull options for bond holdings at Athens meeting
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The European Central Bank is set to keep interest rates on hold for the first time in more than a year amid growing evidence that its unprecedented bout of hikes is helping to bring down inflation.
Following 10 back-to-back increases, policymakers will leave the deposit rate at 4% on Thursday, according to all 59 analysts surveyed by Bloomberg.