ECB Decision to Hold Rates Steady Makes Sense, Morningstar's Field Says -- Market Talk

Dow Jones05-01

1309 ET - The European Central Bank's decision to hold the interest rate at 2% makes perfect sense given the current uncertainty in markets, Morningstar strategist Michael Field said. Interest rate has been stable until a few months ago, but after the price of a barrel of oil spiked to $125, the situation has become more volatile. "The Governing Council will closely monitor the situation and follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance," writes the European Central Bank in a press release. Investors have priced in 2-3 rate hikes as high as 2.5%-2.75%. Field says markets presumably will read the language in today's statement positively.(julia.nasser@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 13:09 ET (17:09 GMT)

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