The European Central Bank (ECB) is scheduled to decide on its future monetary policy at its regular meeting on Thursday against the backdrop of falling inflation rates.
It is generally expected that the euro currency guardians will leave key interest rates in the eurozone unchanged for the time being.
The central bank's decision is due to be announced around 2:15 pm (1215 GMT).
The press conference with ECB President Christine Lagarde following the meeting is being eagerly anticipated. Market participants are hoping for a signal that an interest rate cut may be in the offing.
The key interest rate at which banks in the eurozone can borrow money from the ECB is currently 4.5%
When banks park deposits with the central bank, they receive 4% interest.
The ECB has raised interest rates 10 times in a row since July 2022 in order to get a grip on inflation, which had risen to record levels at times.
This makes loans more expensive, which can curb demand and counteract high price increases. However, more expensive financing is also a burden for borrowers.
Inflation in the eurozone has recently weakened significantly. In March, consumer prices rose by 2.4% compared to the same month of the previous year, according to an initial estimate by the statistics office Eurostat. A year earlier, the annual inflation rate had been 6.9%.