ECB Keeps Three Key Interest Rates Unchanged
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On October 29, 2026, the Governing Council of the European Central Bank decided to keep the three key ECB interest rates unchanged and to continue pursuing a data-dependent, meeting-by-meeting approach to monetary policy. The ECB said that rising energy prices were simultaneously increasing the upside risks to inflation and the downside risks to economic growth. Euro area inflation rose from 3.2% in August to 3.8% in September, while energy price inflation increased to 18.9%. The ECB reiterated that it remains committed to stabilizing medium-term inflation at its 2% target.
AI-written from reports · updated 2 hours ago
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- European Central BankChristine Lagarde, Boris Vujčić: Monetary Policy Statement
The ECB Governing Council decided to keep the three key ECB interest rates unchanged and continue its data-dependent, meeting-by-meeting approach to determining monetary policy. Rising energy prices have increased the upside risks to inflation and the downside risks to economic growth. Euro area inflation rose from 3.2% in August to 3.8% in September, while energy price inflation rose to 18.9%. The ECB remains committed to stabilising inflation at its 2% target over the medium term.
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