It would be the bank’s first meeting with no change after 10 straight increases.
The European Central Bank is ready to leave interest rates unchanged on Thursday for the first time in more than a year as the Israel-Hamas conflict spreads even more gloom over already downbeat prospects for Europe’s economy.
In Europe, inflation peaked at a painful 10.6% in October for the 20 countries that use the euro currency as Russia’s war in Ukraine took a toll. Now, worries are sharpening about weakening economic growth and even the risk of a recession. Rate hikes are a central bank’s chief weapon against inflation, but they can weigh on economic growth by raising the cost of credit for consumer purchases, particularly homes, and for companies to buy new equipment and facilities.Analysts at ABN Amro bank foresee a 0.1% drop in economic output in the eurozone for the July-September quarter and minus 0.2% for the last three months of the year.
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