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.

Inflation is “more uncertain than usual due to trade tensions,’’ Lagarde said at a press conference following the ECB meeting. Related: Former Fed Chair sends stern message

Keeping European Central Bank interest rates unchanged this week was appropriate after inflation reached its 2% target and uncertainty around US tariffs remained high, according to Governing Council member Joachim Nagel.