The European Central Bank is widely expected to slow the pace of its interest rate hikes to 50 basis points on Thursday, taking cue from its peers as inflation have come off slightly in several countries on the back of a modest easing in energy prices. However, recent economic data and surveys as well as the rhetoric from ECB policymakers apparently suggest otherwise as they point to above-target inflation in the months ahead.
The central bank for the 19-nation single currency bloc is set to announce the interest rate decision at 08:15 AM ET on Thursday when rates are widely expected to be raised by 50 basis points.
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by Jyotsna V
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