ECB expected to hold interest rates

The European Central Bank (ECB) is expected to leave interest rates unchanged when its governing council meets in Frankfurt today…

The European Central Bank (ECB) is expected to leave interest rates unchanged when its governing council meets in Frankfurt today. Most analysts agree that inflation remains too high and the prospects for economic growth sufficiently strong for the bank to postpone any loosening in its monetary policy.

The ECB's latest monthly report warned that the risk of inflation remains real despite the strengthening of the euro on foreign exchange markets and a fall in the oil price.