US EditionECB keeps interest rate at 2% as growth holds up against trade tension
- The ECB held its deposit facility rate at 2% on Thursday, marking the third consecutive meeting with rates unchanged after cuts earlier this year.
- With inflation near target, the ECB opted to hold rates as inflation settled around 2% and eurozone GDP grew 0.2% in the third quarter, supporting the decision.
- Core inflation rose to 2.4% in September from 2.3% in August, while the main refinancing operations rate and marginal lending facility rate remained unchanged on Thursday.
- Eyes are on Lagarde's press conference for clues on rate direction as the European Central Bank left the door open to a possible December rate hike, signaling optional tightening later this year.
- Longer term, headwinds from France's political crisis and a U.S. 15% tariff remain important as Deutsche Bank analysts see 2% as likely the end of ECB cuts, with moderate increases only late next year.
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167 Articles
In Slovenia, prices, measured by the harmonized consumer price index, increased by 3.1 percent on an annual basis in October.
Inflation in the euro area decreased in October.
Eurozone consumer price inflation slowed to 2.1 percent in October from 2.2 percent in September, bringing inflation closer to the European Central Bank's (ECB) 2 percent target, according to a flash estimate published by the statistics office Eurostat on Friday.
Annual inflation in the euro area is expected to be 2.1 percent in October, 0.1 percent lower than in September this year, according to a preliminary estimate by Eurostat.
Services, food and industrial products had the largest annual increases at the Eurozone level, according to Eurostat - Energy prices recorded a decline
ECB keeps interest rates unchanged as Christine Lagarde says risks receding
The European Central Bank (ECB) kept interest rates unchanged at 2pc for the third meeting in a row on Thursday and repeated that policy was in a "good place" as economic risks recede and the euro zone shows continued resilience in the face of uncertainty.
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