Summary
The European Central Bank increased all three key interest rates by 0.25 percentage points. The new rates took effect on 16 September 2026.
What happened
The deposit facility rate was set at 2.50%, the main refinancing operations rate at 2.65%, and the marginal lending facility rate at 2.90%. The ECB said inflation was expected to remain above its medium-term target for an extended period and that future decisions would remain data-dependent.
Why it matters
ECB policy rates influence euro-area borrowing conditions and expectations about monetary policy. That makes the decision directly relevant when comparing or converting amounts involving the euro.