Banks › European Central Bank › History › 5 Feb 2026
European Central Bank: decision of 5 February 2026
The ECB Governing Council kept its three key interest rates unchanged, leaving the deposit facility rate at 2.00%.
Decision
hold
- Rate
- 2.00%=2.00%
- Change
- 0 bp
- Vote
- unanimous
- Announced
- 14:15 Berlin time
Sources
- Statement
- ecb.europa.eu/press/pr/date/2026/html/ecb.m…
- Account of the meeting
- ecb.europa.eu/press/accounts/2026/html/ecb.…
- Press conference
- ecb.europa.eu/press/press_conference/moneta…
- Recorded
- 5 Feb 2026
- Data
- JSON
What the bank said
The Governing Council said its updated assessment reconfirmed that inflation should stabilise at its 2% target in the medium term.
It said the economy remained resilient, supported by low unemployment, solid private sector balance sheets, public spending on defence and infrastructure, and past rate cuts.
It said the outlook was still uncertain, owing particularly to global trade policy uncertainty and geopolitical tensions.
Guidance. The Governing Council said it would follow a data-dependent, meeting-by-meeting approach and was not pre-committing to a particular rate path.
“The Governing Council is not pre-committing to a particular rate path.”
Before and after
- Previous decision: 18 Dec 2025, held the deposit facility rate at 2.00%.
- Next decision: 19 Mar 2026, held the deposit facility rate at 2.00%.
- All European Central Bank decisions and the rate history