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International Business Times
International Business Times
Business
Sam Reeves

Sticky Inflation To Keep Eurozone Interest Rates On Hold

The European Central Bank is expected to keep interest rates on hold for a fourth straight meeting (Credit: AFP)

Sticky inflation is expected to prompt eurozone rate-setters to hold borrowing costs steady again Thursday, as they await clearer signs of a sustained easing of consumer prices before beginning to cut.

Costs of everyday goods surged following Russia's invasion of Ukraine and amid pandemic-related supply chain woes, prompting the European Central Bank to launch a historic rate hiking cycle.

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