Unchanged<\/b> kept the Epipettes<\/b> the European Central Bank<\/b> on Thursday, as it opted to collect more data before making a new move. Its base rate stands at 2%<\/b>.<\/p>\n
The decision was made after preliminary data was released on Thursday, which showed that inflation in the eurozone rose to 3% in April<\/b>, mainly due to increases in energy costs<\/b> in the region. <\/p>\n
In a statement, the bank said that while its previous assessment of the inflation outlook remained largely unchanged, “the open risks to inflation<\/b> and the downside risks to growth<\/b> have intensified.” <\/p>\n
The ECB<\/b> said its Governing Council remains committed to setting monetary policy that will ensure that inflation is stabilized at the 2%<\/b> target over the medium term.<\/p>\n
Recognizing that the war in the Middle East<\/b> has led to a sharp increase in energy prices<\/b>, pushing up inflation and negatively affecting economic sentiment, the ECB<\/b> noted that “the impact of the war on medium-term inflation and economic activity will depend on the intensity and duration of the shock to energy prices<\/b>, as well as the extent of its indirect and spillover effects”.<\/p>\n
“The longer the war lasts and the longer energy prices remain high<\/b>, the stronger the potential impact on headline inflation and the economy,” the bank said.<\/p>\n
It also said it would closely monitor the situation and adopt a approach based on available data<\/b> and assessed at each meeting to determine the stance of monetary policy. <\/p>\n
He finally stressed that officials would not commit in advance<\/b> to a specific path for interest rates. <\/p>\n
Economists think the bank’s meeting in June<\/b> will be the one to watch, as it may decide a 25 basis point hike<\/b>, resulting in the base rate rising to 2.25%<\/b>.<\/p>\n
.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Central Bank kept interest rates unchanged on Thursday, as it chose to collect more data before moving forward with a new …<\/p>\n","protected":false},"author":1,"featured_media":3386,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-3385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/3385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3385"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/3385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/3386"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}