European Central Bank keeps interest rates unchanged 

ECB said inflation 'remains close to the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged'

The ECB said 'the inflation outlook is broadly unchanged'. Picture: Daniel Roland/AFP via Getty Images

The European Central Bank (ECB) has decided to keep interest rates unchanged following its latest monetary policy meeting as it is its assessment the “inflation outlook is broadly unchanged”.

This comes as the latest flash estimate of the Harmonised Index of Consumer Prices (HICP) shows  prices in the year to October have increased by 2.7%. The corresponding rate for the eurozone will be published on Friday.