ECB to hold course as euro strength challenges recovery

From reuters.com

The European Central Bank is expected to take heart from signs of life in the euro zone economy and keep interest rates on hold on Thursday, resisting pressure to act in the face of a stronger euro and persistently low inflation. Days before the Governing Council gathered in Brussels for its May policy meeting, France's Prime Minister Manuel Valls and the Organization for Economic Cooperation and Development called for more stimulus as the euro marched towards a 2-1/2 year high. But while the ECB is expected to reiterate its concern about the impact the strong currency has on already-low inflation, it is not expected ... (full story)