"ECB Maintains Unchanged Key Interest Rates in April Meeting"

The European Central Bank (ECB) has decided to leave key interest rates unchanged in its April monetary policy meeting. The bank stated that it will discontinue reinvesting the Pandemic Emergency Purchase Programme (PEPP) at the end of 2024 and may consider reducing the level of monetary policy restriction if it becomes more confident that inflation is converging to the target in a sustained manner. The market's pricing shifted slightly hawkishly after the decision, and there is now a 74% chance of a rate cut in June. The ECB's next meeting is scheduled for June 6.