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ECB raises deposit rate to 2.5% as energy costs spike

By Markets Desk · 2026-09-11 · Updated 2026-09-11 06:57 UTC
A European city skyline with a prominent central bank building in the foreground
Illustration: Tradingbird

The ECB has raised its deposit rate to 2.5% to combat energy-driven inflation, while major financial institutions like Goldman Sachs and Citigroup now predict a prolonged period of tightening, with expectations of further hikes extending into 2027.

  • According to GN markets/policy (en-US), major banks including Goldman Sachs, Citigroup, and Barclays are now forecasting further rate hikes beyond the current cycle, with Citi specifically projecting an additional increase by March 2027 as traders brace for sustained energy-driven inflation pressures.

    Source: GN markets/policy (en-US)

  • The European Central Bank lifted its deposit rate by 25 basis points to 2.5%, aiming to prevent energy-driven inflation from becoming entrenched in the economy.

    Source: GN markets/inflation (en-US)
Based on reporting by GN markets/inflation (en-US) and GN markets/policy (en-US), compiled by the Tradingbird desk.

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