ECB’s Escrivá says current rates appropriate as inflation hits target. Bloomberg with the info.
European Central Bank (ECB) Governing Council member José Luis Escrivá said the bank’s current policy stance remains well-calibrated, with inflation now back at the 2% target.
Speaking to El Diario, Escrivá said he’s “satisfied” with the present level of borrowing costs and sees no need for near-term changes:
- inflation is at target
- the current level of interest rates appropriate
The ECB’s next meeting is scheduled for October 30, and policymakers are widely expected to keep the deposit rate steady at 2%, where it has remained since June. With price pressures easing across the euro area, economists also see little chance of a move at the December meeting, the final one of the year.
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Escrivá’s comments reinforce market expectations that the ECB will remain on hold through year-end, with inflation back at target and growth uneven across the bloc. The euro may stay range-bound as investors shift focus to early 2026 easing prospects.
