European stocks were little changed after their biggest rally in five months that was prompted by optimism about monetary easing.

The Stoxx Europe 600 Index lost about 0.1% ahead of a much-awaited Federal Reserve rate decision due after European markets close. Gains in miners and banks offset losses in defensive sectors such as real estate shares and food-and-beverage makers. The benchmark jumped on Tuesday as the euro dropped after European Central Bank President Mario Draghi said rate cuts remain part of the toolkit if inflation doesn’t strengthen.

Source : Bloomberg