Following the decision by the Federal Reserve to keep interest rates steady, the European Central Bank (ECB) is expected to do the same in its upcoming meeting. Experts from the market predict that, despite rising inflation pressures due to the Gulf War, which has just entered its third week, the ECB is reluctant to change its interest rates at the moment. The central bank is assessing the implications of the conflict, prioritizing stability in the Eurozone amidst uncertainty.

The ECB's deposit rate, currently at 2%, will remain unchanged, a level it has held since the previous July. In February, the Eurozone recorded an inflation rate of 1.9%, staying within the ECB's target range of 2% in the medium term. Market observers are closely watching the situation as the central bank adopts a wait-and-see approach while grappling with the potential long-term impacts of the ongoing conflict in the Gulf area.

Financial markets seem to be prepared for the ECB's decision and are aware that the effectiveness of this steady rate policy hangs on the developments of the war. The ongoing conflict poses various economic challenges, and whether the ECB will keep its rates steady in the long run will depend significantly on the war's evolution and its broader economic implications for Europe.