ECB interest rate decision
ECB deposit facility rate
2.25%
last changed 17 June 2026 · Source: ECB
Main refi
2.40%
Marginal lending
2.65%
€STR
2.19%
Next decision
10 September 2026
in 21 days · Governing Council monetary-policy meeting
Live crowd odds
via Polymarket ↗Market-priced cut / hold / hike odds
Crowd-priced probabilities for the September 2026 ECB decision — opens on Polymarket in a new tab.
Linked, not republished — euroflation does not host these figures.
The ECB's main policy rate — the deposit facility rate — is 2.25%, last changed on 17 June 2026, when the Governing Council raised it by 25 basis points. The next decision is on 10 September 2026. It is the same rate for all 21 euro-area members — which is why inflation can run from 5%+ in the Baltics to near target in Germany under one policy.
How an ECB rate change spreads
The deposit facility rate is the anchor for what euro-area households and firms actually pay. When the ECB moves, it feeds through — with a lag — to the cost of mortgages, business loans and government borrowing:
ECB deposit facility rate — history
Source: ECB Data Portal (policy rates, €STR) · meeting dates: ECB calendar · live odds via Polymarket (linked, not republished)
Frequently asked questions
- What is the current ECB interest rate?
- The ECB deposit facility rate — its main policy rate — is 2.25%, last changed on 17 June 2026.
- When is the next ECB interest rate decision?
- The next ECB Governing Council monetary-policy decision is on 10 September 2026, in 21 days.
- What are the ECB's three key interest rates?
- Deposit facility rate 2.25%, main refinancing rate 2.40%, and marginal lending facility rate 2.65%.