ECB raises all three key interest rates by 25 basis points, deposit facility to 2.50 per cent
10 September 2026
The European Central Bank's Governing Council raised all three key rates by 25 basis points on 10 September 2026, effective 16 September.
The deposit facility rate is 2.50 per cent, the main refinancing operations rate 2.65 per cent and the marginal lending facility rate 2.90 per cent.
The ECB cited the Middle East conflict and said inflation is set to remain well above target for an extended period.
Staff project headline inflation of 3.0 per cent in 2026 and euro area growth of 0.9 per cent.
The Council will take a data-dependent, meeting-by-meeting approach.
Deposit facility rate:
2.50 per cent
Main refinancing rate:
2.65 per cent
Marginal lending rate:
2.90 per cent
Effective from:
16 September 2026
Why it matters for exams: ECB rate terms and the three key policy rates are standard economy and banking questions.
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