Story · Eurozone · Published 10 Sept 2026, 13:19
On 10 September 2026, the European Central Bank raised its three key interest rates by 25 basis points…
On 10 September 2026, the European Central Bank raised its three key interest rates by 25 basis points; the deposit facility rate is 2.5%.
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30-second read
raise
ECB policy decision
25 basis points
ECB rate change
2.5%
Deposit facility rate
Exam link: Monetary policy → interest rates → consumption and investment → aggregate demand
Understand the storyExpand Close
On 10 September 2026, the ECB Governing Council raised the three key ECB interest rates by 25 basis points. The deposit facility rate is 2.5%, the main refinancing rate is 2.65%, and the marginal lending facility rate is 2.9%. The new rates take effect on 16 September 2026.
What happened
The ECB's monetary policy decision on 10 September 2026 set higher the deposit facility rate at 2.5%, the main refinancing operations rate at 2.65%, and the marginal lending facility rate at 2.9%. The change takes effect on 16 September 2026.
Why it matters
ECB interest rates influence credit conditions, saving, investment, exchange rates and aggregate demand across the euro area. The Governing Council sets policy with the aim of stabilising inflation at its medium-term target.
Economic context
For A-Level Economics, this is direct euro-area evidence for monetary policy and interest-rate transmission. It can support comparisons between central banks and analysis of inflation, aggregate demand, exchange rates and monetary-policy trade-offs.
All key dataExpand Close
- ECB rate change
- 25 basis points
- ECB policy decision
- raise
- Deposit facility rate
- 2.5%
- Effective policy date
- 16 September 2026
- Marginal lending facility rate
- 2.9%
- Main refinancing operations rate
- 2.65%
Terms explainedExpand Close
Basis points
A way of describing small interest-rate changes. 100 basis points equals 1 percentage point.
Use it in an examExpand Close
Evidence
On 10 September 2026, the European Central Bank raised its three key interest rates by 25 basis points; the deposit facility rate is 2.5%.
Explain
ECB interest rates influence credit conditions, saving, investment, exchange rates and aggregate demand across the euro area. The Governing Council sets policy with the aim of stabilising inflation at its medium-term target.
Evaluate
For A-Level Economics, this is direct euro-area evidence for monetary policy and interest-rate transmission. It can support comparisons between central banks and analysis of inflation, aggregate demand, exchange rates and monetary-policy trade-offs.
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