ECB keeps rates on hold, rejects talk of future cuts

ATHENS -The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented streak of 10 consecutive rate hikes while insisting that any talk of rate cuts was premature. TheECBhas lifted rates by a combined 4.5 percentage points since July 2022 to combat runaway price growth but hinted last month that it would pause as record-high borrowing costs are starting to work their way through the economy. Price pressures are finally easing and inflation has more than halved in a year, while the economy has slowed so much that a recession may be under way. That has boosted market bets that rate hikes are finished and theECB's next move will be a cut. ...Keep on reading: ECB keeps rates on hold, rejects talk of future cuts

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