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International Business Times
International Business Times
Business
Michelle FITZPATRICK

ECB Tipped To Pause One Last Time Before June Rate Cut

ECB ING the European Central Bank Christine Lagarde Inflation eurozone US Federal Reserve Euro
The European Central Bank is expected to hold interest rates steady at this week's meeting one last time before beginning a rate cutting cycle (Credit: AFP)

Buoyed by falling inflation, the European Central Bank is expected to keep borrowing costs on hold one last time Thursday while laying the ground for a first interest rate cut in June.

The Frankfurt-based institution has left its key rates unchanged since October 2023, following an unprecedented streak of hikes to tame red-hot inflation.

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