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ECB Set to Hike Rates to 2.50 Percent

By Markets Desk · 2026-09-10 · Updated 2026-09-10 08:18 UTC
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Illustration: Tradingbird

The European Central Bank is expected to resume rate hikes on September 10, raising the deposit rate to 2.50% to combat inflation that has spiked to 3.3% due to energy costs. Markets are bracing for a hawkish tone from President Lagarde, which could drive the Euro higher against the Dollar.

  • GN markets/policy (en-US) details that the ECB is poised to lift the Deposit Facility rate to 2.50% on Thursday, accompanied by fresh economic projections and a press conference from President Lagarde. Traders are watching for hawkish signals that could push EUR/USD above the 1.1700 threshold, especially given that Eurozone inflation hit a three-year high of 3.3% in August.

    Source: GN markets/policy (en-US)

  • The European Central Bank is expected to raise its benchmark rate by 25 basis points on September 10. This move responds to energy price spikes driven by the conflict in Iran.

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

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