ECB holds rates for third consecutive time
Lagarde celebrates ‘fading risks’ to eurozone growth thanks to trade deals and Gaza ceasefire
The European Central Bank has held rates for a third time in row.
In announcing the decision today (October 30), ECB president Christine Lagarde said recent geopolitical developments – such as the ceasefire in Gaza, the US’s trade deal with the European Union and the one-year truce in its trade war with China – had mitigated downside risks to growth in the eurozone.
The bank’s governing council had paused its rate-cutting campaign at its meeting on July 24. Since then, it has kept its deposit
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Monetary policy decisions
South Korea holds policy as expected
Economists expect decision to mark end of easing cycle
RBNZ’s 25bp cut marks end of easing cycle, say economists
Bank says economic activity picked up after policy fell to lowest point in more than three years
Nigeria holds rates at 27% despite easing inflation
Governor says exit from FATF grey list and outlook upgrade will boost capital inflows
South Africa cuts by 25bp, citing lower prices ahead
Sarb brings policy rate to 6.75% in first decision since government lowered inflation target
Indonesia holds rates, with analysts expecting December cut
Central bank says decision will maintain stability of rupiah and strengthen policy transmission
Iceland makes 25bp cut amid mortgage market turmoil
Decision comes after court ruling forces lenders to tighten terms of home loans on offer
Zambia cuts rates for first time in five years
Inflation eases as high global copper prices boost exports and strengthen local currency
Czech Republic, Moldova and Norway hold rates
CNB says services inflation is still high, Moldova is recovering and Norway says it is in no hurry