ECB Holds Deposit Rate at 2.50%: Policy Rates Are Not FX Quotes
The European Central Bank kept its deposit rate at 2.50% on October 29, 2026. Main refinancing remained at 2.65% and marginal lending at 2.90%. These policy rates do not establish a price or direction for the euro against the Turkish lira.
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No change to the three rates
The deposit facility remains at 2.50%, main refinancing at 2.65% and marginal lending at 2.90%. The bank highlighted inflation and growth risks from energy costs while retaining its medium-term 2% inflation target.
No predetermined rate path
The next decisions will depend on incoming data and meeting-by-meeting assessment. The statement does not commit to a future interest-rate path.
Do not confuse a policy rate with a retail quote
A 2.50% policy rate is neither a bank’s euro selling price nor a promised return on a savings product. Retail comparisons require a quote timestamp, transaction direction and fees. This report does not measure an exchange-rate reaction or recommend a currency trade.