HUNTX
ECB keeps rates unchanged as energy risks persist
The ECB held its three key rates steady on 29 October 2026, highlighting energy-related risks to both inflation and economic growth.
Three policy rates held steady
The European Central Bank kept its deposit rate at 2.50%, its main refinancing rate at 2.65% and its marginal lending rate at 2.90% on 29 October 2026.
Energy prices complicate the outlook
The Governing Council highlighted the risk that a prolonged energy shock could raise inflation and weaken growth. It also noted tighter financing conditions and continued uncertainty about the shock’s effects.
No pre-set path for rates
The ECB said decisions would continue to depend on incoming evidence at each meeting. The announcement does not commit the bank to a future rate path. This summary covers the policy release; it does not claim a specific euro-market response.