The European Central Bank (ECB) has announced its interest rate decision for October. Investors in the Eurozone who were curious about which direction interest rates would take in October eagerly awaited the decision from the ECB. The ECB interest rate decision, closely monitored by dollar, gold, stock, and cryptocurrency investors, was announced in line with economists’ expectations. So, what was the interest rate decision of the ECB in October? The ECB interest rate decision for October has been revealed. After a decrease in US inflation, investors turned their attention to the ECB interest rate decision. European Central Bank (ECB) President Christine Lagarde had signaled a rate cut in October. So, what was the ECB interest rate decision in October? ECB INTEREST RATE DECISION: The European Central Bank (ECB) Monetary Policy Committee has announced its interest rate decision for October. The European Central Bank (ECB) has lowered the three key policy rates by 25 basis points in line with market expectations. INTEREST RATE EXPECTATION: While European markets showed mixed trends yesterday, attention has shifted to the ECB’s monetary policy decisions to be announced today. It is widely expected that the ECB will cut the three key policy rates by 25 basis points at today’s monetary policy meeting. Analysts reported that signals from the policy statement and remarks from ECB President Christine Lagarde are expected to have an impact on market direction. According to data released in the region yesterday, annual inflation in the UK fell to 1.7% in September, the lowest level seen since April 2021. Inflation in the country also fell below the Bank of England’s (BoE) 2% target.