Data · policy rate · Euro area

European Central Bank interest rate history

The European Central Bank’s deposit facility rate stands at 2.50% (as of Oct 19, 2026). Its last move was +25 bp on Sep 16, 2026, from 2.25% to 2.50%. Since 1999 it has raised rates 32 times and cut them 31 times; the high was 4.00% in 2023.

Deposit facility rate
2.50%
Last move
+25 bp
Sep 16, 2026
12-month change
+50 bp
2 moves

Deposit facility rate since 1999

0%2%4%200020052010201520202025

Source: European Central Bank. Deposit facility rate, from the ECB; the ECB's steering rate since September 2024.

Every rate change

EffectiveNew rateChange
Sep 16, 20262.50%+25 bp
Jun 17, 20262.25%+25 bp
Jun 11, 20252.00%−25 bp
Apr 23, 20252.25%−25 bp
Mar 12, 20252.50%−25 bp
Feb 5, 20252.75%−25 bp
Dec 18, 20243.00%−25 bp
Oct 23, 20243.25%−25 bp
Sep 18, 20243.50%−25 bp
Jun 12, 20243.75%−25 bp
Sep 20, 20234.00%+25 bp
Aug 2, 20233.75%+25 bp
Jun 21, 20233.50%+25 bp
May 10, 20233.25%+25 bp
Mar 22, 20233.00%+50 bp
Feb 8, 20232.50%+50 bp
Dec 21, 20222.00%+50 bp
Nov 2, 20221.50%+75 bp
Sep 14, 20220.75%+75 bp
Jul 27, 20220.00%+50 bp
Sep 18, 2019-0.50%−10 bp
Mar 16, 2016-0.40%−10 bp
Dec 9, 2015-0.30%−10 bp
Sep 10, 2014-0.20%−10 bp
Jun 11, 2014-0.10%−10 bp
Jul 11, 20120.00%−25 bp
Dec 14, 20110.25%−25 bp
Nov 9, 20110.50%−25 bp
Jul 13, 20110.75%+25 bp
Apr 13, 20110.50%+25 bp
Apr 8, 20090.25%−25 bp
Mar 11, 20090.50%−50 bp
Jan 21, 20091.00%−100 bp
Dec 10, 20082.00%−75 bp
Nov 12, 20082.75%−50 bp
Oct 9, 20083.25%+50 bp
Oct 8, 20082.75%−50 bp
Jul 9, 20083.25%+25 bp
Jun 13, 20073.00%+25 bp
Mar 14, 20072.75%+25 bp
Dec 13, 20062.50%+25 bp
Oct 11, 20062.25%+25 bp
Aug 9, 20062.00%+25 bp
Jun 15, 20061.75%+25 bp
Mar 8, 20061.50%+25 bp
Dec 6, 20051.25%+25 bp
Jun 6, 20031.00%−50 bp
Mar 7, 20031.50%−25 bp
Dec 6, 20021.75%−50 bp
Nov 9, 20012.25%−50 bp
Sep 18, 20012.75%−50 bp
Aug 31, 20013.25%−25 bp
May 11, 20013.50%−25 bp
Oct 6, 20003.75%+25 bp
Sep 1, 20003.50%+25 bp
Jun 9, 20003.25%+50 bp
Apr 28, 20002.75%+25 bp
Mar 17, 20002.50%+25 bp
Feb 4, 20002.25%+25 bp
Nov 5, 19992.00%+50 bp
Apr 9, 19991.50%−50 bp
Jan 22, 19992.00%−75 bp
Jan 4, 19992.75%+75 bp
Jan 1, 19992.00%start of series

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