"The future decisions of the Governing Council will ensure that key interest rates are kept at a sufficiently restrictive level for as long as necessary," explained the euro guardians on Thursday. 

After a series of ten interest rate hikes that began in the summer of 2022, the ECB has now held interest rates constant for four meetings. This is because inflation in the eurozone has now slowed considerably and most recently stood at 2.6 percent in February, after 2.8 percent in January. This is not far off the target of 2.00%, which the ECB considers to be the optimum level for the 20 members of the eurozone in the medium term.

Interest rate cut expected in June
This is what ECB economists expect for 2025. According to forecasts, the inflation rate should fall to 1.9 percent in 2026. On the money market, it is currently considered very likely that interest rates will be cut in June. For the July meeting, a cut is even almost fully priced in.