The ECB has decided to leave interest rates unchanged.
The rate on main refinancing remains unchanged at 4.50%, that on deposits at 4%, and that on marginal loans at 4.75%.
It is the fourth pause in the cycle of ten consecutive increases that began in July 2022.
The ECB has cut its inflation estimate for the euro area compared to its December forecasts.
According to the new estimates, inflation will reach 2.3% in 2024 (from 2.7% previously), 2% in 2025 (from 2.1%) and 1.9% in 2026.
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