On Thursday 26 October, the non-governmental organisation Positive Money Europe welcomed the decision by the Governing Council of the European Central Bank (ECB) not to increase its key rates further, but to maintain them at the levels decided at its monetary policy meeting on 14 September (see EUROPE B13250A1), i.e. 4% for the rate on the deposit facility, 4.5% for the rate on the main refinancing operations and 4.75% for the rate on the marginal lending facility.
However, following the...