ECB Keeps Rates Unchanged, Raises Growth Forecasts

The European Central Bank left interest rates unchanged for a fourth straight meeting as inflation hovers around target and the euro zone weathers global shocks. The deposit rate was kept at 2% on Thursday — as predicted by all analysts in a Bloomberg survey. Fresh forecasts accompanied the decision, envisaging firmer economic expansion and inflation returning to 2% in 2028 after falling short of that level during the next two years. Jamie Rush of Bloomberg Economics has more. (Source: Bloomberg)