Breaking News: ECB leaves rates unchanged at 2.15%, meeting market expectations

[Ben Graham]

• EU ECB Main Refinancing Operation Rate (October 2025): 2.15% vs 2.15% expected, meets consensus
• EU ECB Rate of Deposit Facility (October 2025): 2.00% vs 2.00% expected, meets consensus

The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged.

Monetary Policy Decisions, European Central Bank (ECB), 30/10/2025

Breaking: The European Central Bank (ECB) has maintained rates at 2.15% in its October 2025 decision, meeting market expectations.

Key takeaway: Maintaining rates for three consecutive meetings, inflation in the eurozone nears the target of 2.00%, unlike in other developed economies. As such, markets don’t expect any change to rates until mid-2026 unless fundamentals change, especially regarding exports, which make up a large share of the EU economy.

Markets now look towards the ECB press conference:

• EU ECB Press Conference, 13:45 GMT

Developing story, refresh for updates

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