The European Central Bank maintains interest rates unchanged and has not released signals regarding future policy direction.

Jin10 data reported on October 30, the European Central Bank kept the interest rate unchanged at 2%, marking the third consecutive meeting where policymakers made the same decision. The Central Bank did not release any signals regarding the future policy direction, as the region is currently experiencing a rare period of low inflation and stable rise, even amid trade turmoil. The European Central Bank has cumulatively cut rates by 2 percentage points over the year ending in June, but has since remained on hold. The Central Bank clearly stated that it is not in a hurry to adjust policy given that inflation has reached the target—this “ideal state” has yet to be achieved by the Fed, Bank of England, and Bank of Japan. The European Central Bank reiterated its long-term guidance that future decisions will be based on the latest data and will not pre-commit to any specific policy path.