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ECB Raises Key Interest Rates by 25 Basis Points

By Markets Desk · 2026-09-10 · Updated 2026-09-10 19:24 UTC
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Illustration: Tradingbird

The European Central Bank has raised its key interest rates by 25 basis points, setting the deposit facility rate at 2.5% to combat rising eurozone inflation. This move, driven by an energy shock from Middle East conflict that pushed August headline inflation to 3.3%, marks the second rate increase in the past three months.

  • According to GN markets/policy (en-US), the ECB’s deposit facility rate now stands at 2.5%, with the main refinancing and marginal lending rates adjusted to 2.65% and 2.90% respectively. The bank cited August data showing headline inflation accelerated to 3.3% year-on-year, its highest level since late 2023, as the primary driver for this second hike in three months.

    Source: GN markets/policy (en-US)

  • The European Central Bank hiked rates as Middle East conflict drives inflation projections higher for 2027 and 2028.

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

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