ECB Holds Rates Steady Again As Eurozone Inflation Cools But Likely To Rebound Before Slow Decline
• European Central Bank leaves interest rates unchanged at 2nd straight meeting as price pressures ease
• Inflation in eurozone fell to 2.4% in November, lowest in 2 years and nearing ECB's 2% target
• ECB says inflation likely to rise again short-term before easing more slowly than predicted, reaching target in 2025
• Traders expect ECB to cut rates in 1st half of 2023 as region's economy sputters, but ECB president says no rate cut discussion at this week's meeting
• Core inflation down from 5.7% peak in March to 3.6%, another sign of easing price pressures