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European Central Bank: decision of 10 September 2026
The ECB Governing Council raised its three key interest rates by 25 basis points, taking the deposit facility rate to 2.50% from 16 September 2026.
Decision
raise
- Rate
- 2.25%↑2.50%
- 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
- 10 Sept 2026
- Data
- JSON
What the bank said
The Governing Council said the conflict in the Middle East continued to generate inflation pressures and that inflation was set to remain well above target for an extended period.
It said staff now projected headline inflation of 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028, revised up for 2027 and 2028.
It said staff had revised growth up to 0.9% in 2026 and 1.4% in 2027, mainly reflecting the greater than expected resilience of the euro area economy.
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 conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period.”
Before and after
- Previous decision: 23 Jul 2026, held the deposit facility rate at 2.25%.
- Next scheduled meeting: (calendar).
- All European Central Bank decisions and the rate history