{"id":441143,"date":"2026-10-29T21:40:15","date_gmt":"2026-10-29T14:40:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ecb-rate-decision-no-change-in-rates-441143\/"},"modified":"2026-10-29T21:40:15","modified_gmt":"2026-10-29T14:40:15","slug":"ecb-rate-decision-no-change-in-rates","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ecb-rate-decision-no-change-in-rates-441143\/","title":{"rendered":"ECB rate decision: No change in rates"},"content":{"rendered":"<div>\n<p>The big news earlier today was ECB President Christine Lagarde announcing that she will depart in February.<\/p>\n<p>Bank in April\u00a0on Bloomberg TV she said: &#8220;When there is big clouds on the horizon, the captain does not leave the ship\u2014 and this captain is not going to leave the ship, because I see clouds.&#8221;<\/p>\n<p>So I guess she doesn&#8217;t see clouds any longer.<\/p>\n<p>In any case, here are the headlines:<\/p>\n<ul>\n<li>Main refi rate 2.65% vs 2.65% expected<\/li>\n<li>Deposit rate 2.50% vs 2.50% expected<\/li>\n<li>Marginal lending facility at 2.90% vs 2.90% expected<\/li>\n<li>Says energy prices continuing to rise, posing upside risks to inflation outlook and downside risks to growth<\/li>\n<li>Underlying inflation has remainded broadly stable so far and wages do not show a material response at this stage<\/li>\n<li>Well positioned to navigate uncertainty<\/li>\n<li>ECB is not pre-committing to a particular path<\/li>\n<li>ECB says stands ready to adjust all of its instruments within its mandate to ensure that inflation stabilizes at its 2% targetr<\/li>\n<\/ul>\n<p>The market was pricing in a 13% chance of a surprise hike this month but that rises to 65% in December. Ahead of the decision, the euro was down 21 pips to 1.1131 as it hovers near the lows of the year. The knee-jerk reaction to the decision has been minimal.<\/p>\n<p>EURUSD daily:<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The big news earlier today was ECB President Christine Lagarde announcing that she will depart in February. Bank in April\u00a0on Bloomberg TV she said: &#8220;When there is big clouds on the horizon,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441143","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441143"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}