ECB meets expectations as rates held at 4%

Inflation dropped 'markedly'

Elliot Gulliver-Needham
clock • 1 min read

The European Central Bank has voted to hold interest rates steady at 4% today (26 October), following clear guidance last month that the bank had ended its hiking cycle.

The central bank's governing council noted inflation had dropped "markedly" in September, falling from 5.2% in August to 4.3%. "Past interest rate increases continue to be transmitted forcefully into financing conditions," it said in a statement today. Economists forecast BoE to hold rates at 5.25% through to spring 2024 The ECB's hiking cycle began in July 2022, with ten consecutive hikes made to bring its deposit facility rate to 4%. Following the pause last month, it is widely expected that the central bank has ended its hiking cycle. In its decision today, the governing coun...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM), shared his view on the implications of the policies introduced by the Trump Administration for emerging market debt (EMD). Murphy then explained the firm’s approach to the EMD segment.

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM)
clock 12 June 2025 • 7 min read
US-China trade talks progress pending framework approval from Trump and Xi

US-China trade talks progress pending framework approval from Trump and Xi

Following London meetings

Linus Uhlig
clock 11 June 2025 • 1 min read
UK wage growth hits 5.2% in the three months to April as unemployment ticks up

UK wage growth hits 5.2% in the three months to April as unemployment ticks up

LFS credibility still uncertain

Linus Uhlig
clock 10 June 2025 • 2 min read
Trustpilot