Three holds and a cut? Europe's central banks are about to make their final calls of 2025
The European Central Bank, Bank of England, Riksbank and Norges Bank all meet on Thursday.
TL;DR
- Four European central banks (ECB, Bank of England, Riksbank, Norges Bank) are announcing their last interest rate decisions of 2025.
- The ECB is expected to hold rates steady but may revise its growth outlook upward, with internal debate noted regarding future rate moves.
- Norges Bank is also likely to keep rates on hold, with economists suggesting the next cut might not occur until summer 2026.
- The Riksbank is predicted to maintain its current policy rate, with no immediate changes expected in the coming quarters.
- The Bank of England is the only central bank expected to cut interest rates by 25 basis points, driven by falling inflation and recent economic data.