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SaltWire's Atlantic regional weather forecast for October 26, 2023 | SaltWireATHENS -The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented streak of 10 consecutive rate hikes, and maintained its guidance which signals steady policy ahead.
Looking to keep all of its options open, the ECB said it would follow a"data-dependent" approach and decisions would be based on incoming data. The decision to keep rates unchanged is likely to reinforce expectations that the world's biggest central banks, including the U.S. Federal Reserve, are essentially done tightening policy, ending an unprecedented series of synchronized rate hikes.
The outlook for the economy appears to be increasingly precarious, putting a so-called"soft landing" in jeopardy. She is likely to asked whether policymakers discussed an early reduction of bond holdings in the bank's 1.7 trillion euro Pandemic Emergency Purchase Programme.
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