Steady as she goes is the message on rates
Last month the ECB announced a rise in official interest rates of 0.25% to 4.25%, in response to what it saw as the growing upside risks to price stability.
There is no expectation of any policy change this month but markets will monitor the post-meeting press conference to see what the ECB’s take is on the latest round of eurozone sentiment and activity indicators, which suggest that the economy is losing considerable momentum.
