ECB projected to raise deposit rate by 25 basis points in December.

A Reuters poll indicates the European Central Bank is expected to maintain its deposit rate this month but implement a 25 basis point hike in December. This anticipated move comes as inflation remains nearly double the ECB's 2% target, signaling a potential resumption of rate increases after economists previously believed the hiking cycle had concluded. This decision will impact borrowing costs and economic activity across the Eurozone.