Indicator brief · FM.B.U2.EUR.4F.KR.DFR.LEV
What are the ECB key interest rates now?
The ECB deposit facility rate stands at 2.50%, the main refinancing operations rate at 2.65% and the marginal lending facility rate at 2.90% (ECB Data Portal, latest observation September 16, 2026).
Latest print · September 16, 2026
2.50% deposit rate
- Main refinancing
- 2.65%
- Marginal lending
- 2.90%
What the latest numbers show
- The most recent change in the deposit facility rate took effect on September 16, 2026, from 2.25% to 2.50%.
- Within the window shown (September 18, 2019 onward) the deposit rate changed 20 times: 12 increases and 8 cuts.
- Since September 2024 the deposit facility rate is the ECB’s main policy-signalling rate; the spread between the MRO and deposit rates was narrowed to 15 basis points at that time. The current MRO–deposit spread is 15 basis points.
History
Recent observations
| Effective date | Deposit rate % | Change (pt) |
|---|---|---|
| September 16, 2026 | 2.50 | +0.25 |
| June 17, 2026 | 2.25 | +0.25 |
| June 11, 2025 | 2.00 | −0.25 |
| April 23, 2025 | 2.25 | −0.25 |
| March 12, 2025 | 2.50 | −0.25 |
| February 5, 2025 | 2.75 | −0.25 |
| December 18, 2024 | 3.00 | −0.25 |
| October 23, 2024 | 3.25 | −0.25 |
| September 18, 2024 | 3.50 | −0.25 |
| June 12, 2024 | 3.75 | −0.25 |
| September 20, 2023 | 4.00 | +0.25 |
| August 2, 2023 | 3.75 | +0.25 |
| June 21, 2023 | 3.50 | +0.25 |
| May 10, 2023 | 3.25 | +0.25 |
What it measures
The ECB sets three key interest rates: the deposit facility rate (paid on banks’ overnight deposits with the Eurosystem), the main refinancing operations rate (for weekly liquidity), and the marginal lending facility rate (overnight credit).
With abundant excess liquidity, the deposit facility rate anchors short-term euro money-market rates such as €STR.
How and when it is published
The Governing Council takes monetary-policy decisions roughly every six weeks; decisions are announced at 14:15 CET and rate changes usually take effect the following Wednesday.
Our snapshot records the change points of the business-daily series on the ECB Data Portal.
See the release calendar and the agency links below for upcoming publication dates.
Sources
- ECB Data Portal: deposit facility rate
- ECB: key interest rates
- ECB: monetary policy meeting calendar
- Retrieval time for this page’s data: 2026-10-15 15:03 UTC. See our methodology for calculations.