ECB Expected to Hold Rates Steady for a Third Meeting

2025-10-30 07:37 By Joana Ferreira 1 min. read

The European Central Bank is widely expected to keep interest rates unchanged for a third consecutive meeting on Thursday, as policymakers remain cautious amid signs of a resilient economy and moderating inflation pressures.

The main refinancing rate is set to remain at 2.15%, while the deposit facility rate will stay at 2.0%.

Recent comments from ECB officials indicate that the current policy stance is consistent with the 2% medium-term inflation target.

They have reiterated that decisions will be made “meeting by meeting,” signaling little appetite for near-term easing despite ongoing geopolitical tensions, trade policy uncertainty and potential fiscal impacts from higher defense spending.

Between June 2024 and June 2025, the ECB cut borrowing costs by 200 basis points, pausing in July after inflation returned to target.

Markets now expect rates to remain on hold in the near term, with the first 25-basis-point cut potentially coming in July 2026.



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