ECB Set to Hold Rates as Policymakers Assess War Impact

A unanimous survey of economists expects the European Central Bank to hold its deposit rate unchanged at 2% on Thursday. Policymakers are weighing the economic spillovers from the Iran war, making the decision more about risk assessment than a policy shift. The expected hold is a market-wide macro event, though it is broadly in line with consensus.

Analysis

A unanimous survey of economists expects the European Central Bank to hold its deposit rate unchanged at 2% on Thursday. Policymakers are weighing the economic spillovers from the Iran war, making the decision more about risk assessment than a policy shift. The expected hold is a market-wide macro event, though it is broadly in line with consensus.