• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

ECB decides Thursday whether to hold rates at 2.50% as markets look to December

FinanceInternationalFinect35 s readAI summary
Image: Finect

The European Central Bank meets this Thursday, October 29, to decide whether to keep the deposit facility rate at 2.50%, after September's 25-basis-point hike. Markets expect a pause and are focused on Christine Lagarde's press conference and the December meeting, when new projections will be published. Eurozone inflation rose to 3.8% in September, driven by energy, while core inflation held at 2.5%.

In 35 seconds

  • The ECB decides this Thursday, October 29, with markets expecting it to keep the deposit facility rate at 2.50%.
  • Eurozone inflation rose to 3.8% in September, its highest level in three years, driven by energy, with Brent crude around $115.
  • Core inflation held at 2.5%, suggesting no second-round effects for now.
Read the full story at Finect

IASummary generated by artificial intelligence from a story by Finect. It may contain errors: the original source prevails.

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