ECB Holds Rate Steady Amid Recession Worries
The European Central Bank left its key interest rates unchanged on Thursday, as expected, after raising them in the past 10 sessions, but adopted a cautious stance to suggest that the rates could stay "higher for longer" despite the easing inflationary pressures as the signs of a recession in the euro area economy increases.
Christine Lagarde Jorg Kramer Carsten Brzeski European Central Bank Pandemic Emergency Purchase Programme Governing Council
Source: rttnews.com