High inflation looms over ECB meeting

Inflation has been running high in the eurozone but the ECB has so far held off adjusting the support for the economy it introduced at the outset of the coronavirus pandemic

Inflation has been running high in the eurozone but the ECB has so far held off adjusting the support for the economy it introduced at the outset of the coronavirus pandemic

Rising eurozone inflation will provide the backdrop for the meeting of European Central Bank governors Thursday, with markets hoping for hints of when policymakers might start easing their massive pandemic-era stimulus.

ECB president Christine Lagarde previously promised to "look through" the surge and policymakers expect the rate to rise even further in coming months before falling back.