[Institution: ECB May Raise Rates Further, But Expects to Hold Rates Steady This Week] According to a report by LBBW Senior Fixed Income Analyst Elma Volker on October 26th, the ECB's interest rate decision and President Lagarde's subsequent press conference will not significantly change market participants' judgments on future interest rate trends. These events are more likely to cool medium-term interest rate expectations, as recent statements from the ECB Governing Council have leaned towards suggesting a need for cautious policy tightening. Increased turmoil in France may also provide justification for a more cautious stance. LBBW expects the ECB to raise interest rates twice more by spring 2027, with the key interest rate peaking at 3%.