ECB rate decision October 2026: hold at 2.50% deposit; Lagarde Q&A puts December next with clear direction of travel. Italy CPI 5.4%, GDP flat. Fed Dec odds 77.3% (4:05 PM ET).
Bank of Japan rate decision October 2026: 8–1 hold at 1.25%, Takata for 1.5%, present-tense 2% wording, FY2027 forecasts, and the Fed Dec bridge.



