[Institutions: Data does not yet support ECB rate hikes, will remain on hold in the coming months] Jin10 Data, April 30 – Berenberg Chief Economist Felix Schmidt stated that, as expected, the European Central Bank did not raise interest rates. The bank's statement was very brief, with almost no surprises. The economic data released today is still insufficient to support a rate hike. Economic growth is weaker than expected, and although inflation is rising, it has lost some momentum. So far, inflation has been entirely driven by the direct impact of energy prices. The ECB will observe the extent of indirect effects in the coming months. AFS Group Research Director Arne Petimezas noted that there is nothing new in the ECB Governing Council's statement, apart from stating an obvious fact: the shock is more severe than anticipated in the March baseline scenario, and we are very likely in an adverse scenario.