Financial Wire

Market Chatter: ECB to Reportedly Hold Rates Steady in April Meeting Amid Ongoing Iran War

-- European Central Bank policymakers are inclined to leave interest rates unchanged in April, opting to wait for clarity on the economic impact of the ongoing Middle East conflict, Bloomberg News reported Wednesday.

Citing people familiar with the discussion, the news outlet said ECB officials believe current financing conditions are anchoring inflation expectations, rendering a rate hike announcement during the April 29 to April 30 meeting unnecessary for now. The war-driven spike in energy prices sent annual inflation higher to 2.5% across the 21-nation bloc in March.

ECB did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: ECB to Reportedly Hold Rates Steady in April Meeting Amid Ongoing Iran War | Financial Wire