# ECB holds rates at 2.50% and Lagarde says she will step down

- By: Bull Run Post Newsroom
- 2026-11-02T11:39:07.000Z
- Produced with artificial intelligence under human editorial supervision.

## Excerpt

Policymakers debated a hike with inflation at 3.8% but chose to wait. New projections come in December, and the search for a successor has begun. On 29 October 2026 the ECB kept its deposit facility rate at 2.50% after debating whether to raise it, ECB President Christine Lagarde said. Euro-area inflation rose to 3.8% in September from 3.2% in August, with energy inflation at 18.9%, according to the ECB. Lagarde will leave the presidency on 7 February 2027, more than eight months before her term would have ended, and the European Council will appoint her successor.

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