The European Central Bank held its deposit rate at 2.50% and Lagarde said she will leave in February 2027. October inflation ran from 2.8% in Germany to 5.6% in Italy, while third-quarter euro area growth slowed to 0.4% with Ireland doing much of the lifting.
Christine Lagarde, after a unanimous hold, said December 17 would be information-rich and that the direction of travel was clear unless the picture changed materially. Source
The European Central Bank left its deposit facility rate at 2.50% on 29 October. ECB President Christine Lagarde said the Governing Council debated a hike, then unanimously decided to wait. Within 24 hours, national data showed how little one rate can say about the economies beneath it. October inflation on the Harmonised Index of Consumer Prices (HICP), the EU's comparable consumer price measure, ran from 2.8% in Germany to 5.6% in Italy.
