Economy
ECB keeps interest rates at 2.5% despite inflationary pressure
The European Central Bank (ECB) decided to maintain its benchmark deposit interest rate at 2.5% on 29 October. The Governing Council noted that while energy prices continue to drive inflation risks, they are taking a data-dependent, meeting-by-meeting approach to future adjustments, with analysts suggesting potential rate hikes remain possible in December or early 2027.
Why it matters
While mortgage rates are not changing today, the ECB's decision to hold interest rates steady means your current variable-rate credit costs will remain the same for now, though analysts warn of potential future increases depending on inflation trends.ObservadorRead original ↗
