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European Central Bank: decision of 11 June 2026
The ECB Governing Council raised its three key interest rates by 25 basis points, taking the deposit facility rate to 2.25% from 17 June 2026.
Decision
raise
- Rate
- 2.00%↑2.25%
- Change
- +25 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
- 11 Jun 2026
- Data
- JSON
What the bank said
The Governing Council said the war in the Middle East was generating inflation pressures and that the decision to raise rates was robust across a range of scenarios for how the shock might evolve.
It said staff now projected headline inflation of 3.0% in 2026, 2.3% in 2027 and 2.0% in 2028, revised up for 2026 and 2027 owing to a higher path for energy prices.
It said staff had revised growth down to 0.8% in 2026, reflecting a more pronounced impact of the war on commodity markets, real incomes and confidence.
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 decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve”
Before and after
- Previous decision: 30 Apr 2026, held the deposit facility rate at 2.00%.
- Next decision: 23 Jul 2026, held the deposit facility rate at 2.25%.
- All European Central Bank decisions and the rate history