The European Central Bank is expected to keep interest rates unchanged for its third straight meeting Thursday with inflation hovering around its target and the eurozone economy holding up.

Following a year-long series of cuts, the ECB has kept its key deposit rate steady at two percent since July.

Inflation has settled around the central bank's two-percent target and Europe has weathered US President Donald Trump's tariff onslaught better than initially feared, with officials signalling they are not keen to cut more for now.

Jose Luis Escriva, Spain's central bank chief and a member of the ECB's rate-setting governing council, told El Diario newspaper in a weekend interview that the "current level of interest rates is appropriate".

ECB officials are gathering in Florence, Italy, on on

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