After ramping up borrowing costs for more than a year, all eyes will now be on how forcefully the European Central Bank pushes back against bets on interest-rate cuts. The extent of its resistance will hinge on fresh projections for the euro-zone economy — arriving on the heels of a surprisingly steep slump in inflation. That outlook may also help the ECB decide whether to hasten its exit from quantitative easing by phasing out reinvestments under the €1.7 trillion ($1.8 trillion) pandemic-era PEPP initiative. Economists polled by Bloomberg all see the deposit rate being left at 4% on Thursday. But with price growth ... (full story)