Economy · 3 sources combined
ECB holds rates steady
Deposit rate at 2.50% annually
In short
The European Central Bank decided to keep its base rate unchanged on October 29.
The deposit rate remains at 2.50% annually, and the base rate stays at 2.65%.
The bank left open the possibility of further increases due to rising energy prices and inflation.
Key facts
| When | A monetary policy meeting was held in Frankfurt, Germany on October 29 (local time). |
|---|---|
| Who | The European Central Bank (ECB) decided to hold all three key policy rates unchanged. |
| What | It maintained the deposit rate at 2.50% annually, the base rate at 2.65%, and the marginal lending rate at 2.90%. |
| How | The bank mentioned energy shocks and inflation risks, leaving room for potential future rate increases. |
What it means for me
Direct impact on domestic rates is limited for now, but changes in exchange rates and import prices need to be monitored.
