The ECB kept rates after 10 consecutive hikes
[ad_1]
The European Central Bank (ECB) maintained all three types of interest rates following its meeting on October 26, which interrupted a series of 10 consecutive increases. The rate on main financing operations remained at 4.5%, on deposits – 4%, and the rate on margin loans – 4.75%.
The regulator’s decision coincided with market expectations. For example, economists surveyed by Bloomberg in late October expected rates to remain unchanged at the penultimate meeting of the year.
Russian analysts had a different opinion. Back in September, the majority of experts surveyed by Vedomosti (10 out of 11) expressed expectations that rates would increase by at least another 0.25 percentage points by the end of 2023.
[ad_2]
Source link
