The European Central Bank kept borrowing costs on hold on Thursday, repeating that it needed to see more evidence that inflation was heading back to its goal before lowering interest rates further.

The euro held steady at around $1.0931 , little changed from levels seen just before the statement. Government bond yields across the euro area pulled back slightly , , so did Europe’s broad STOXX 600 share index — last trading around 0.4% (.STOXX), opens new tab higher on the day.