ECB Holds Rates Unchanged, Offers No Clues for Next Move

The European Central Bank (ECB) left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year.

- Balazs Koranyi and Francesco Canepa

The European Central Bank (ECB) left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year. The ECB halved its key rate in the year to June but has been on hold at 2% since, arguing that the economy of the 20-country euro zone is in a "good place" even if more easing cannot be ruled out.