In the decision, which was unanimous, the directors of the Central Bank pointed to a greater risk of rising inflation.
Before, the Federal Reserve started the cycle of monetary easing in USA (USA) and cut the fees reference by 0.50 pp, for the range of 4.75% to 5%. The market has already started to react to this decision yesterday, but should look at the numbers again today.
Today, there are even more interest rate decisions on the radar from the United Kingdom. The expectation is that the BoE will choose to leave its rates unchanged, after having completed the start of the cutting cycle in August.