The European Central Bank kept the base rate at 2.65%, the deposit rate at 2.5% and the marginal lending rate at 2.9%, writes RBC. The regulator decided to stop after two consecutive increases in June and September, noting the ongoing inflationary pressure against the background of the conflict in the Middle East. According to Eurostat, consumer price growth in the Eurozone reached 3.8% in September, almost double the ECB's target of 2%.

The European Central Bank kept the base rate at 2.65%, the deposit rate at 2.5% and the marginal lending rate at 2.9%, writes RBC. The regulator decided to stop after two consecutive increases in June and September, noting the ongoing inflationary pressure against the background of the conflict in the Middle East. According to Eurostat, consumer price growth in the Eurozone reached 3.8% in September, almost double the ECB's target of 2%.