The European Central Bank (ECB) is set to announce its Monetary Policy Decision on Thursday, October 26 at 12:15 GMT and as we get closer to the relea
se time, here are the expectations as forecast by the economists and researchers of 11 major banks. The ECB is widely expected to leave rates unchanged after ten consecutive increases as both inflation and growth are falling. Nonetheless, the central bank is likely to keep the door open to new hikes. Danske Bank ECB is widely set to be on hold in terms of policy rate changes for the first time since June last year.
Commerzbank The ECB is unlikely to raise its key rates further, partly because the inflation rate fell significantly in September and was thus largely in line with the central bank's expectations. Looking ahead over the coming months, we can imagine that the central bankers will raise the minimum reserve rate from 1% to 2% in order to have to pay less interest to commercial banks.
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