The ECB holds rates at 2.50%
On 29 October the ECB kept its deposit facility rate at 2.50%. Markets expected exactly this.
Event: October 29, 2026
Primary source: October 29, 2026
Published here: October 29, 2026 at 01:15 PM UTC
Read: 1 min
What happened
On 29 October the ECB kept its deposit facility rate at 2.50%.
Why it matters to you
The ECB's rate sets the price of euros: loans and deposits across the euro area, the euro and European stocks react to it. Markets expected exactly this.
What to check and watch
Press conference at 13:45 UTC. The reasoning is in the official statement linked below. This is not a forecast or advice to buy or sell.
On 29 October the ECB kept its deposit facility rate at 2.50%.
The ECB's rate sets the price of euros: loans and deposits across the euro area, the euro and European stocks react to it. Markets expected exactly this.
A hold changes nothing today. Markets now look at what the ECB says about the next meeting. This is our reading, not a fact from the release.
Press conference at 13:45 UTC. The reasoning is in the official statement linked below. This is not a forecast or advice to buy or sell.
Confirmed facts
- On 29 October the ECB kept its deposit facility rate at 2.50%.[1]
- Consensus forecast before the decision: 2.50% (Forex Factory calendar).[2]
Implications
- Our readingA hold changes nothing today. Markets now look at what the ECB says about the next meeting.
Still unknown
- What the ECB says about its next steps.
- How markets react: an open question, not a forecast.
Who it affects
Euro area. Anyone with loans, savings, stocks, gold or crypto, and anyone following interest rates
Sources
- European Central Bank: Monetary policy decisions, 29 October 2026 October 29, 2026 · official
- Forex Factory: Economic calendar: consensus forecasts October 29, 2026 · media
Cover: Freekonomist graphic, a symbolic image, not a photo of the event. This is a news explainer, not financial advice.
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