A Reuters poll shows nearly 90% of economists expect the European Central BankCentral BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More to raise its deposit rate by 25 basis points in December. The shift follows September inflationInflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More reaching 3.8%, well above the ECB’s 2% target.

A Reuters poll conducted on 5–8 October found that 64 of 73 economists expected an ECB rate increase in December, while all but three forecast an October hold. The current deposit rate is 2.50%, with a quarter-point December rise anticipated. These are survey expectations rather than an announced policy decision. Incoming inflation and activity data could alter the outlook before either meeting.