EL7.AI
Central BanksMedium•29 October 2026•
1 min read

ECB Concludes Policy Meeting with Interest Rates Expected to Hold

Key Facts

1The European Central Bank concludes its two-day monetary policy meeting on Thursday with expectations to hold interest rates.

The European Central Bank ECB concludes its monetary policy meeting this Thursday, October 29, 2026, with widespread expectations to maintain current interest rates. FXStreet reported that the decision comes as the bank balances persistent inflationary pressures against the requirement for monetary stability, following recent data indicating rising consumer inflation expectations.

These expectations follow mixed economic signals from the Eurozone, where the Economic Sentiment index reached 18.5 on October 29, 2026, falling short of previous forecasts. Additionally, data released on October 23, 2026, showed the Composite PMI declining to 51.9 from a previous reading of 53.1, reflecting a slowdown in growth momentum across key sectors.

The Eurozone quarterly GDP growth rate is scheduled for release tomorrow, Friday, October 30, 2026, alongside unemployment figures. Markets are also awaiting the annual Inflation Rate data due on November 4, 2026, which will provide further clarity on the effectiveness of the ECB's current policy stance.