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European Central Bank policy-rate history

Euro area's Deposit facility rate. The page separates the rate's effective date, source coverage, successful retrieval time and official decision evidence.

Updated Deposit facility rate effective 16 Sept 2026

Official ECB siteMethodology

Deposit facility rate

2.50%

Direct source observation

Previous observation

2.25%

Effective 17 Jun 2026

Last verified change

+0.25 pp (+25 bp)

hike effective 16 Sept 2026

Next meeting

29 Oct 2026

Scheduled monetary policy decision

Latest data: Sep 28, 2026

Rate effective 16 Sept 2026 (Official effective date). Currency: EUR.

Last successful source retrieval: 28 Sept 2026, 03:34 UTC.

Previous 12 months

Complete twelve-month coverage is available. Counts include verified transitions in the available period.

Verified changes

2

2 hikes · 0 cuts · 0 source-confirmed holds

Net rate change

+0.50 pp (+50 bp)

Year-over-year difference +0.50 pp (+50 bp)

Highest observed rate

2.50%

16 Sept 2026

Lowest observed rate

2.00%

11 Jun 2025

Days since last change

12

Based on a verified rate transition

Meeting time zone: Europe/Berlin. Calendar last verified 25 Sept 2026, 13:49 UTC. ECB Governing Council calendar

Meeting-calendar updates are temporarily paused. The date shown may not include a recent official revision.

Policy-rate history

Historical observations use the published instrument and source dates shown below. Coverage begins 18 Sept 2024.

European Central Bank policy-rate historyObservations from 18 Sept 2024 to 16 Sept 2026. The line uses Deposit facility rate in basis points, spaces points by UTC effective date and holds each rate until the next observation.18 Sept 202416 Sept 2026
Time follows actual effective dates; steps hold the published policy instrument to the next observation, in basis points.
Dated official policy-rate observations for European Central Bank
Effective dateDate basisPublished rateObserved throughRetrievedSourceStatus
16 Sept 2026Official effective date2.50%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
17 Jun 2026Official effective date2.25%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
11 Jun 2025Official effective date2.00%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
23 Apr 2025Official effective date2.25%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
12 Mar 2025Official effective date2.50%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
5 Feb 2025Official effective date2.75%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
18 Dec 2024Official effective date3.00%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
23 Oct 2024Official effective date3.25%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source
18 Sept 2024Official effective date3.50%Unavailable28 Sept 2026, 03:34 UTCEuropean Central BankDirect source

Policy changes

Decision labels identify whether the source stated the outcome or the rate history implies a transition.

Dated central-bank policy changes and official source links
EffectiveDecisionPreviousNew rateChangeEvidenceSource
16 Sept 2026hike2.25%2.50%+0.25 pp (+25 bp)Historical comparisonEuropean Central Bank
17 Jun 2026hike2.00%2.25%+0.25 pp (+25 bp)Historical comparisonEuropean Central Bank
11 Jun 2025cut2.25%2.00%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank
23 Apr 2025cut2.50%2.25%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank
12 Mar 2025cut2.75%2.50%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank
5 Feb 2025cut3.00%2.75%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank
18 Dec 2024cut3.25%3.00%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank
23 Oct 2024cut3.50%3.25%-0.25 pp (-25 bp)Historical comparisonEuropean Central Bank

Data basis: Deposit facility rate. Earlier main refinancing operations rates are not joined to this series. Comparison series: BIS central-bank policy rate series before the instrument transition..

ECB policy-rate history | Squawkdeck