ECB President Christine Lagarde said tighter financing and rising long-term rates will weigh on euro-area growth more than the bank expected in September, while limiting energy-cost spillovers into other prices. Headline inflation was 3.8% in September and core inflation 2.5%, mostly driven by energy, and wages have not yet shifted substantially. The ECB expects inflation to stay above its 2% goal through the first half of 2027 and projects growth of 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028. The ECB raised rates by 25 basis points in both June and September, with the deposit facility rate at 2.50% since Sept. 16, and Lagarde called for a “measured response” without committing to a rate path. Reuters reported that rising global bond yields have pushed up borrowing costs in the euro area, with France among the hardest-hit markets; the next ECB meeting is Oct. 28-29.
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ECBChristine Lagardeinterest rateseuro
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EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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