European Central Bank holds interest rates amid inflation surge
The European Central Bank (ECB) decided to keep its main interest rates unchanged on 30 April 2026 despite a rise in inflation across the Eurozone.Headline inflation increased to 3% in April, driven primarily by a sharp jump in energy prices.Energy inflation alone rose by 10.9% in April, contributing significantly to the overall inflation figure.However, the ECB's governing council opted against raising borrowing costs due to concerns that higher rates could further weaken economic growth.ECB President Christine Lagarde explained that the ongoing conflict is weighing on economic activity, with high energy costs reducing household and business incomes, leading to lower consumption... [Continue Reading]
360LiveNews | 30 Apr 2026 17:03 LONDON
