The spread between Italian and German 10-year bond yields narrowed to 175.1 basis points after the ECB decision, from 178.2 basis points previously.

The Euro Stoxx 600 index expanded its gains to 0.6% after the European Central Bank raised interest rates.

European Central Bank: GDP is expected to be 1.5% in 2025, compared with 1.6% in June.

ECB: Based on its current assessment, the ECB believes that interest rates have reached a (restrictive level) that, if maintained at current levels for a sufficiently long period of time, will make a significant contribution to the timely return of inflation to target.

European Central Bank: Due to the increasing impact of tightening policies on domestic demand and the increasingly weak international trade environment, ECB staff have significantly lowered their economic growth expectations.

GBP/USD fell 20 points in the short term and is now at 1.2468.

European Central Bank: Price outlook, underlying inflation dynamics, and policy transmission are key.

European Central Bank: Financing conditions are increasingly suppressing demand.

ECB: Will continue to take a data-driven approach.

European Central Bank: Ready to adjust all its tools.

European Central Bank: Past interest rate hikes will continue to be transmitted strongly.

European Central Bank: Will continue to maintain flexibility in its emergency anti-epidemic bond purchase program.