ECB Leans Toward Keeping Rates on Hold to Assess Iran Impact

Good morning. Policymakers at the European Central Bank are leaning toward keeping borrowing costs on hold this month. The BBC announces job cuts. And we found out who bought Nick Candy’s home in London for more than £270 million. Listen to the day’s top stories.

Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate. Tighter financing conditions are helping to keep inflation expectations anchored for the moment, the people said. Meanwhile, Bank of England Governor Andrew Bailey signaled he’s in no rush to raise rates, arguing that it’s too soon to make a judgment on the economic impact of the war.