ECB To Signal No Rush To Cut Interest Rates

ECB president Christine Lagarde said last week rates had likely reached their peak but that it was too soon to 'shout victory' on inflation (Credit: AFP)

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.

The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes to tame runaway prices, leaving the benchmark deposit rate at four percent.