The European Central Bank sees itself on a good course in terms of monetary policy and therefore did not affect its key interest rates on Thursday during its guest appearance in Florence. The relevant rate for bank deposits remains unchanged for the fourth interest rate decision in a row and remains at two percent. Although inflation in the euro zone climbed slightly from 2.1 to 2.2 percent in September, it is still close to the two percent target. The ECB expects an average inflation rate of 2.1 percent for the current year. Only in a few countries in the Eurozone, such as Austria with four percent in September, are there still any upward outliers in inflation.
