ECB Resists Interest Rate Hike, Says Inflation to Ease

Describing inflation risks as “balanced” within the 17-nation Eurozone, the European Central Bank left the region’s benchmark lending rate at 1 percent. For January, Eurozone inflation rose well above the target 2 percent to 2.4 percent but the bank’s statement noted it expected inflation to moderate to just above 2 percent by the end of the year.

Source: BBC News

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