European Central Bank keeps interest rates unchanged despite cooling inflation 

President of European Central Bank Christine Lagarde. Pic: (AP Photo/Michael Probst, File)

The European Central bank has kept its key interest rate unchanged at 4%, however the regulator is expected to make a cut before summer as inflation cools. 

After today, the ECB next meets on April 11, June 6, and then on July 18 before its summer break.