ECB is likely to maintain key rates at the April 30th meeting with the deposit rate seen to be maintained at 2.0% for the 7th consecutive meeting, according to Nikkei

The ECB's intention to hold key rates, particularly the deposit rate at 2.0% for the seventh consecutive meeting, suggests a continued commitment to their current monetary policy stance. This decision could reflect their assessment of ongoing economic conditions in the eurozone, potentially signaling stability rather than a pivot toward tightening or easing. Traders should consider the implications for EUR stability and how this may influence fixed income positioning ahead of the meeting.