ECB leaves key interest rates unchanged in April monetary policy meeting ...Middle East

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ECB leaves key interest rates unchanged in April monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Most measures of underlying inflation are easing, wage growth is gradually moderatingNot pre-committed to a particular rate pathWill continue to follow a data-dependent approach and meeting-by-meeting approachInflation has continued to fall, led by lower food and goods price inflationDomestic price pressure are strong and are keeping services price inflation highIntends to discontinue reinvesting PEPP at end of 2024Ahead of the decision, the market was pricing in just an 8% chance of a cut. However that rises to 74% in June, w

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