The European Central Bank keeping rates on hold in April was a "close call", minutes released Thursday said, the latest sign that the bank is preparing to raise the cost of borrowing. Adding to evidence of a hawkish shift in ECB communications, Thursday's minutes said keeping rates where they were had been "a close call", conditional on the bank stressing it was keeping a close eye on prices.

Decisione di tenere lo status quo unanime ma presa “al limite”

The European Central Bank keeping rates on hold in April was a "close call", minutes released Thursday said, the latest sign that the bank is preparing to raise the cost of…

Market expectations that the European Central Bank will hike interest rates this year have already contributed to tighter financial and lending conditions.