The European Central Bank held interest rates steady on Thursday, keeping the deposit rate at 4 percent, the highest in central bank’s history.
It was the fifth consecutive decision to leave rates untouched as inflation closes in on the central bank’s 2 percent target.
Central bankers have been trying to work out the delicate timing of when to loosen their rate policy.
They don’t want to keep rates higher longer than necessary, which could hurt the economies of the eurozone, but at the same time, they don’t want to ease too early and revive price pressures.
In March, core inflation slowed more than economists expected, to 2.9 percent.
Organizations:
European Central Bank