Macro· ★★★· bearish·

ECB holds rate at 2.5% as energy inflation climbs to 18.8%

  • —ECB deposit rate held at 2.5% following September's 25 bps increase
  • —Eurozone headline inflation hit 3.8%, the highest since September 2023
  • —Energy inflation reached 18.8% amid persistent Middle East turmoil
  • —Deutsche Bank expects a December hike to 2.75%; the ECB did not confirm it
Why it matters: Holding rates while energy inflation accelerates keeps December tightening risk alive, a headwind for risk assets including crypto.
Source: DiarioBitcoin
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