The market was pricing in a 98% chance of no change in rates today so this was no surprise. Going forward, the market expects the ECB to leave rates on hold for all of 2026 so there isn’t much drama here.

The euro was trading at 1.1717 ahead of the report.

The press conference with Lagarde starts at 1345 GMT.

This article was written by Adam Button at investinglive.com.



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