ECB expected to pause amid uncertain impact of war

Christine Lagarde unveils new lending facility
Christine Lagarde, ECB president

The European Central Bank is not expected to announce major policy changes in its policy meeting on April 14, despite record-high inflation, say analysts.

In March, headline inflation increased year on year by 7.5%, which is already much higher than the ECB’s March forecast, which predicted 5.1% inflation for 2022. Nonetheless, this week, the institution will not update its macroeconomic projections.

In this uncertain environment, observers point out the governing council lacks data to judge

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