Jack Allen-Reynolds

For the first time in over a year, European Central Bank (ECB) policymakers are expected to decide against raising interest rates again when they gather in Athens on Oct. 26.

Once red-hot, inflation, driven by Russia's invasion of Ukraine in early 2022, has started to ease, while the outlook for the economy has worsened.

Amid fears of new variants of the coronavirus, new restrictions on movement have hit just as people were starting to look ahead to what is usually a busy time of year for travel.