On October 29, the European Central Bank left its three policy rates unchanged. The Governing Council said future decisions would depend on the inflation outlook, incoming economic and financial data, and how policy is reaching the wider economy.
The ECB also said that its asset purchase portfolios were shrinking as securities matured. The Eurosystem is no longer reinvesting principal payments on those securities.
Why it matters
ECB policy rates help shape euro-area borrowing conditions. The October decision establishes where the rates stood on that date and gives readers a baseline for the next decision.
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European Central Bank
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An original summary with a link to the primary source.
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Revision log
- Version 1 · 10 Nov 2026
Prepared for the first edition.