BREAKING: ECB delivers 50 bp rate hike in spite of banking turmoil

The European Central Bank announced the latest monetary policy decision today at 1:15 pm GMT. Economists expected a 50 basis point rate hike while money markets were inching closer to a 25 basis point move. Ultimately, it turned out that economists were right with ECB deciding on a 50 basis point rate hike.

New set of economic projections points to a lower inflation. Headline inflation in 2023 is seen at 5.3%, down from 6.3% in previous forecast, while core inflation forecast was boosted from 4.2 to 4.6% for 2023. However, core inflation is seen at 2.5% in 2024, down from previous forecast of 2.8%, while headline inflation next year is seen at 2.9%, down from 3.4% in previous forecast.

Commenting on current banking sector turmoil, ECB said that it is monitoring market tensions closely and that it is ready to respond to price stability and financial stability. An important takeaway is that mention of further rates moves has been removed from the statement.

31 October 2025, 7:08 PM

Daily summary: Sentiments on Wall Street stall at the end of the week🗽US Dollar gains

31 October 2025, 4:33 PM

Fed's Bostic and Hammack comment the US monetary policy 🔍Divided Fed?

31 October 2025, 4:23 PM

Scott Bessent sums up the US trade deal with China🗽What will change?

31 October 2025, 3:26 PM

Fed members comment on US economy 🗽US dollar gains

economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

BREAKING: ECB delivers 50 bp rate hike in spite of banking turmoil

Join over 1 700 000 XTB Group Clients from around the world