Inflation at the ECB's 2% target encourages a wait-and-see approach The European Central Bank is widely expected to stand pat on interest rates on Thursday, after its president, Christine Lagarde, recently said policy was in a "good place," with inflation broadly stable at its 2% target. Markets are pricing in the ECB keeping its deposit rate at 2%, having reduced it by 25 basis points eight times over the last year as inflation cooled and the eurozone's economic growth struggled for traction. The ECB's policy announcement will come at 2:15 p.m. local time on Thursday, or 8:15 a.m. Eastern time in the U.S., with a ... (full story)