ECB Maintains Key Interest Rates Amidst Energy Price Rises and Inflation Concerns

The European Central Bank's Governing Council kept its three key interest rates unchanged on October 29, 2026. This decision comes as rising energy prices present upside risks to inflation and downside risks to economic growth. The ECB noted that underlying inflation remains stable and wages have not materially responded, while tighter financing conditions are expected to curb both inflation and growth.