ECB Interest Rate Remains at 1.25%

The European Central Bank  kept the benchmark interest rate  at 1.25% today
No rise was expected today –  after a 0.25% rise in April which was the first for 3 years

Many financial analysts don’t even expect rates to rise in June.  A Wall Street Journal poll resulted in less than a quarter of those polled forecasting that the ECB  rate will rise in June.

With inflation  in the euro zone rising to  2.8% in April  interest rates will probably go up soon to help meet the ECB’s inflation objective, which is to keep inflation “below, but close to” 2% over the medium term.