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ECB interest rate decision
Date: Thursday, 26 October at 11:15 pm AEDT
The September ECB meeting has left the door open for a potential rate pause by indicating that “the key ECB interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to our target.”
Developments since then have increasingly shifted the balance against any further tightening of monetary policy, with a considerable slowdown in September core inflation (4.5% vs previous 5.3%), surging bond yields, and upside risks to oil prices amid geopolitical tensions in the Middle East.
Current expectations are pricing that a rate pause from the ECB next week is a done deal, but any guidance on where policymakers will have their eyes on to determine additional tightening will be the market focus.
ECB interest rate chart
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