On 11 June 2026, the European Central Bank’s Governing Council raised its three key policy rates by 25 basis points, lifting the deposit facility rate to 2.25%, the main refinancing rate to 2.40% and the marginal lending rate to 2.65%. The decision was taken to counter inflationary pressures that have risen as a result of the war in the Middle East. Staff projections show headline inflation averaging 3.0 % in 2026, falling to 2.3 % in 2027 and 2.0 % in 2028, while real GDP is expected to grow 0.8 % in 2026, 1.2 % in 2027 and 1.5 % in 2028. The ECB said it will continue to monitor the situation and use a data‑dependent approach.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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