European Central Bank meeting —

At its 26 October 2023 meeting, the European Central Bank held its policy rate at 4.00%.

Decision

hold — 4.00% to 4.00%

Key passages

The Governing Council today decided to keep the three key ECB interest rates unchanged.

Confirms the market expectation of a pause.

Inflation is still expected to stay too high for too long, and domestic price pressures remain strong.

Highlights persistent inflation, supporting the hawkish stance.

Meeting documents

Background reading

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