The European Central Bank left interest rates unchanged on Thursday and offered a modestly upbeat assessment of the euro zone economy, raising doubts among investors about further policy easing even while U.

European Central Bank policymakers pushing for another reduction in interest rates face an uphill battle, according to people familiar with the matter.

The ECB kept rates unchanged, signaling a shift to a wait-and-see approach as inflation aligns with its 2% target. Click to read more on the market interpretation.