Name: ECB keeps interest rate at 2% as growth holds up against trade tension
Uploaded: 2025-10-30T19:51:39.487Z
Duration: 1 min 1 s
Description: With inflation subdued and growth steady, the ECB maintained rates at their lowest level in more than two years, matching market expectations.

With inflation subdued and growth steady, the ECB maintained rates at their lowest level in more than two years, matching market expectations.

Brussels

The European Central Bank (ECB) announced it will maintain its key interest rate at 2%, continuing the monetary policy it has followed since June. The decision comes as year-on-year inflation in the eurozone rose to 2.2% in September, slightly above the ECB's target.

ECB officials emphasized their commitment to stabilizing inflation at the 2% target over the medium term and indicated that future policy decisions will be data-driven. The announcement was made shortly after the US Federal Reserve cut its key interest rate by a quarter of a point to approximately 3.9%.

ECB keeps interest rate at 2% as growth holds up against trade tension

The European Central Bank is staying on the course. On Thursday, the ECB announced that it would hold its interest rate at 2%. The Frankfurt-based bank has not changed its monetary policy since June. The European institution also announced that year-on-year inflation rose slightly in September to 2.2%, slightly above the ECB's target. We are determined to ensure that inflation stabilizes at our 2% target in the medium term. We will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance. The ECB's announcement comes a few hours after the US Federal Reserve decided to cut its key interest rate by a quarter of a point to around 3.9%. This is the second time this year that the ECB has chosen to lower its key interest rate.

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