The European Central Bank left its key interest rates and its forward guidance on asset purchases unchanged on Thursday, in line with expectations, amid concerns over high inflation.
The Governing Council, led by ECB President Christine Lagarde, left its key interest rate, the main refinancing rate, unchanged at zero, the deposit rate at -0.50 percent and the marginal lending rate at 0.25 percent.
Policymakers expect key interest rates to "remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon," the bank reiterated.
Further, the Governing Council assessed that realized progress in underlying inflation is sufficiently advanced to be consistent with inflation stabilizing at two percent target over the medium term.
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