ECB holds rates at 2.50 percent as Lagarde announces her exit

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The ECB Governing Council leaves its key rates unchanged: the deposit facility stays at 2.50 percent, even though inflation in the euro area stands at 3.8 percent. On the same day Christine Lagarde announces her departure for February 7, 2027.The ECB Governing Council left its three key rates unchanged on October 29, 2026. The deposit facility stays at 2.50 percent, the main refinancing rate at 2.65 percent and the marginal lending facility at 2.90 percent. That follows from the European Central Bank's statement. On the same day Christine Lagarde announced that she will hand over the office of ECB President on February 7, 2027, leaving ahead of time. Two things in this matter for investors in Germany. The rate on safe euro balances stays for now where it was, and the central bank has explicitly not committed to the path ahead. The statement says the Governing Council is not pre-committing to a particular rate path. Anyone spreading balances across overnight deposits, stablecoins...