ECB Officials Are Leaning Toward April Rate Hold

Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.

Tighter financing conditions are helping to keep inflation expectations anchored for the moment, the people argued, adding that a rate hike wouldn’t necessarily alter market pricing much. They asked not to be identified sharing the content of private conversations.