ECB stands pat, declining trend in underlying inflation continues

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-ecb13.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>ECB left monetary policy unchanged as widely expected. Main refinancing, marginal lending and deposit rates are held at 4.50%, 4.75%, and 4.00% respectively. In the accompanying statement, ECB noted that incoming information has &#8220;broadly confirmed its previous assessment of the medium-term inflation outlook. &#8220;Aside from an energy-related upward base effect&#8221;, the declining trend in underlying [&#8230;]</p>
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