On 30 April 2026 the European Central Bank’s Governing Council announced that it will leave its key interest rates unchanged at 2.00 % for the deposit facility, 2.15 % for main refinancing operations and 2.40 % for the marginal lending facility. The decision comes as the council noted that inflation remains near its 2 % medium‑term target while risks from a Middle East conflict‑driven energy price shock increase inflationary pressures and could dampen growth. The ECB said it will continue to monitor data closely and adjust its instruments as needed, and that the asset‑purchase programme and pandemic emergency purchase programme will decline gradually as maturities are rolled over. The council remains ready to use its transmission protection tools to maintain price stability.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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