BusinessPhoto: Firstpost BusinessECB Holds Interest Rates Steady at 2.5% Amid Energy Shock Concerns
The European Central Bank (ECB) kept its key interest rates unchanged on October 29, maintaining the deposit facility rate at 2.50%, refinancing rate at 2.65%, and marginal lending rate at 2.90%. The ECB cited rising energy prices as a major inflation risk and warned that the ongoing energy shock could increase inflation and weaken economic growth in the euro area, with potential indirect effects on broader prices and wages.
Firstpost Business·




