# ECB is expected to keep interest rates on hold ‌at a meeting on Thursday.

*business · news · 2026-04-28 · Devdiscourse*

## Key points

- ECB's Consumer Expectations Survey shows 1-year inflation expectations jumped to 4.0% in March.
- Banks tightened lending criteria more than expected, especially for firms, last quarter.
- Long-term inflation expectations barely moved in either the consumer or business surveys.
- Consumers expect a deep recession, and banks foresee falling loan demand and rising lending costs.
- ECB policymakers may hike rates despite weak growth, due to persistent inflation expectations.

**Countries:** Iran, Eurozone

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3889298-update-2-inflation-surge-and-eroding-growth-raise-policy-dilemma-for-ecb)

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