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BBC Business Thursday 29 October 2026, 12:30 UTC 1 min read

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The European Central Bank voted to hold interest rates steady on Thursday, meeting market expectations, despite euro zone inflation rising to a three-year high. It keeps the central bank's key rate, the deposit facility, at 2.5% following a 25 basis point hike in September. In a statement, the institution's Governing Council said rising energy prices posed upside risks to the inflation outlook and downside risks to growth, but that underlying inflation and wages were so far broadly stable.

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