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ECB Keeps Rates Steady at 2%, As Expected

30 October 2025

ECB Keeps Rates Steady at 2%, As Expected
European Central Bank Vice President Luis de Guindos and President Christine Lagarde prior to the ECB press conference in Florence, Italy on October 30, 2025. Photo by the ECB under CC BY-NC-ND 2.0.

By Marta Vilar – FLORENCE, Italy (Econostream) – The European Central Bank’s Governing Council on Thursday decided to keep its key interest rates unchanged, as widely expected by markets and analysts.

The three ECB interest rates will stay at 2.0% for the deposit facility, 2.15% for the main refinancing operations and 2.40% for the marginal lending facility.

“Inflation remains close to the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged”, the ECB said in a statement. “The economy has continued to grow despite the challenging global environment.”

A strong labor market, healthy private sector balance sheets, and the Governing Council’s previous interest rate reductions continued to provide key support, said the ECB.

However, the document stressed that the “outlook is still uncertain” due to geopolitical tensions and trade-related issues.

No macroeconomic projections were due this meeting. In September the ECB projected HICP of 2.1% in 2025, 1.7% in 2026 and 1.9% in 2027, with the measure ex-energy and food at 2.4% in 2025, 1.9% in 2026 and 1.8% in 2027. Economic growth projections were revised higher in 2025 to 1.2%, lower in 2026 to 1.0% and were left unchanged at 1.3% for 2027.

“The Governing Council is determined to ensure that inflation stabilises at its 2% target in the medium term”, the ECB said.