Policy

Central banks, budgets and the rules that shape markets. 6 items since launch, newest first.

Format: Market note
Filed: 08 Oct, 23:14
Read: 4 min

ECB minutes: a unanimous rate rise, and no promise of another

The ECB minutes for September show a united Governing Council that chose to keep its next step open. Every member supported the proposal to raise the three key interest rates by a quarter of a point, the account of the 9–10 September meeting says. The account, the European Central Bank's version of minutes, was published on Thursday.

The ECB minutes for September show every member backed the rise to 2.50% and saw inflation risks to the upside, but they chose to promise nothing for October.

By The Notebook Desk

Continue reading the story

Policy rates at the close

Bank	Rate	Last move
Fed	3.75–4%	▲25bp Sep
ECB	2.50%	▲25bp Sep
BoE	3.75%	▼25bp Dec
BoJ	1.25%	▲25bp Sep

Sources: Federal Reserve, ECB, Bank of England, Bank of Japan, 9 Oct.

Next for Policy

Wed 07 Oct, 14:00 ETFed minutes, September meeting
Thu 08 Oct, 13:30 CETECB account, September meeting

October 2026

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Wed 708:05
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Mon 505:55
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Fri 214:52
Euro area inflation jumped to 3.8%, but markets expect the ECB to wait
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September 2026

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The Fed raised rates and pencilled in one more increase
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