Interest rates in the eurozone were kept unchanged at 2.15% by the ECB, in line with expectations and with no change from the previous meeting. Markets had given no chance of a different outcome. In its statement, the Bank noted that the “inflation outlook” remains broadly the same as at the last meeting.
The deposit rate was maintained at 2%, the level where inflation currently appears to be stabilizing. According to the Bank’s statement, inflation forecasts have not changed significantly; they edged slightly higher (2.1% for 2025 vs. 2.0% in June; 1.7% for 2026 vs. 1.6% previously expected in June).
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Create account Try a demo Download mobile app Download mobile appAt the same time, investors expect the U.S. Federal Reserve to cut rates by 50 basis points this year (64 out of 107 survey responses), while a smaller group is even pricing in up to 75 bps of cuts by year-end (40 out of 107 responses), according to the latest economic survey.
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