ECB won't cut interest rates until 'well into next year'

Bank lending across the eurozone came to a near standstill last month, ECB data showed, providing further evidence that the eurozone was skirting a recession

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Pressure will in time build on the European Central Bank keeping interest rates "higher-for-longer", but analysts expect rates to remain unchanged for now. 

The ECB will announce at Thursday lunchtime its latest decision over interest rates, as financial markets continue to bet that the central bank will leave rates unchanged, and only start cutting next summer, even as recession threatens the eurozone economy.