The facts

  1. The deposit facility rate remains 2.50%, the main refinancing rate 2.65% and the marginal lending rate 2.90%. [1]

  2. The ECB said underlying inflation remained broadly stable and wages had not yet shown a material response to higher prices. It warned that a larger, longer energy shock could worsen the outlook. [1][2]

  3. Financing conditions had tightened since the previous meeting, which the bank said was likely to weigh on inflation and growth. [1][2]

  4. The Governing Council retained a data-dependent, meeting-by-meeting approach and did not commit to a future interest-rate path. [1]

Sources

References support the numbered facts above. Source checks: 29 Oct 2026, 13:55 UTC.

  1. Monetary policy decisions, 29 October 2026

    European Central Bank · Primary source · 29 Oct 2026

    Actual decision released at 13:15 UTC; rates and risk language checked directly.

  2. ECB keeps rates unchanged but points to mounting inflation risk

    Reuters · Reporting · 29 Oct 2026

    Actual post-decision Reuters report read via Yahoo. Earlier previews were not used to verify the decision.

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