ECB keeps its key rate on hold at 2.5%. No policy relief for rate-sensitive European assets, so the tape stays data-dependent until the next move is clear.

What happened: The European Central Bank kept its key interest rate on hold at 2.5%. Key numbers: Key rate held at 2.5%. Markets priced a 67% chance of a December rate hike. Why it matters: Markets read the decision as a hawkish pause, and pricing now points to a possible December rate hike. Coverage: 3 outlets in 24h

The European Central Bank kept its key interest rate on hold at 2.5%.

Markets read the decision as a hawkish pause, and pricing now points to a possible December rate hike.