# ECB main refinancing operations rate in Euro area

ECB main refinancing operations rate in Euro area was 2.65% in September 2026. Source: European Central Bank.

- Indicator id: `ecb_main_refinancing_rate`
- Place id: `ea`
- Unit: %
- Definition: Fixed rate of the ECB main refinancing operations in force on the last day of the month, in percent per year.
- Note: From June 2000 to October 2008 the ECB ran these operations as variable rate tenders with a minimum bid rate and published no fixed rate, so those months are missing. The ECB has steered policy with the deposit facility rate since September 2024 (see policy_interest_rate).
- Source: European Central Bank, Key ECB interest rates: main refinancing operations fixed rate in force on the last day of the month, euro area (FM.D.U2.EUR.4F.KR.MRR_FR.LEV) (https://data-api.ecb.europa.eu/service/data/FM/D.U2.EUR.4F.KR.MRR_FR.LEV?format=csvdata&detail=dataonly)
- Retrieved: 2026-10-09
- License: ESCB statistics reuse policy (free commercial and non-commercial reuse, source must be quoted)
- Citation: European Central Bank. Key ECB interest rates: main refinancing operations fixed rate in force on the last day of the month, euro area (FM.D.U2.EUR.4F.KR.MRR_FR.LEV). https://data-api.ecb.europa.eu/service/data/FM/D.U2.EUR.4F.KR.MRR_FR.LEV?format=csvdata&detail=dataonly. Retrieved 2026-10-09.
- Web page: https://invokely.ai/en/ecb-main-refinancing-rate/euro-area
- CSV: https://invokely.ai/download/ecb-main-refinancing-rate/euro-area.csv
- API: https://invokely.ai/api/v1/series?indicator=ecb_main_refinancing_rate&place=ea

| Period | % |
|---|---:|
| 2026-09 | 2.65 |
| 2026-08 | 2.4 |
| 2026-07 | 2.4 |
| 2026-06 | 2.4 |
| 2026-05 | 2.15 |
| 2026-04 | 2.15 |
| 2026-03 | 2.15 |
| 2026-02 | 2.15 |
| 2026-01 | 2.15 |
| 2025-12 | 2.15 |
| 2025-11 | 2.15 |
| 2025-10 | 2.15 |
| 2025-09 | 2.15 |
| 2025-08 | 2.15 |
| 2025-07 | 2.15 |
| 2025-06 | 2.15 |
| 2025-05 | 2.4 |
| 2025-04 | 2.4 |
| 2025-03 | 2.65 |
| 2025-02 | 2.9 |
| 2025-01 | 3.15 |
| 2024-12 | 3.15 |
| 2024-11 | 3.4 |
| 2024-10 | 3.4 |
| 2024-09 | 3.65 |
| 2024-08 | 4.25 |
| 2024-07 | 4.25 |
| 2024-06 | 4.25 |
| 2024-05 | 4.5 |
| 2024-04 | 4.5 |
| 2024-03 | 4.5 |
| 2024-02 | 4.5 |
| 2024-01 | 4.5 |
| 2023-12 | 4.5 |
| 2023-11 | 4.5 |
| 2023-10 | 4.5 |
| 2023-09 | 4.5 |
| 2023-08 | 4.25 |
| 2023-07 | 4 |
| 2023-06 | 4 |
| 2023-05 | 3.75 |
| 2023-04 | 3.5 |
| 2023-03 | 3.5 |
| 2023-02 | 3 |
| 2023-01 | 2.5 |
| 2022-12 | 2.5 |
| 2022-11 | 2 |
| 2022-10 | 1.25 |
| 2022-09 | 1.25 |
| 2022-08 | 0.5 |
| 2022-07 | 0.5 |
| 2022-06 | 0 |
| 2022-05 | 0 |
| 2022-04 | 0 |
| 2022-03 | 0 |
| 2022-02 | 0 |
| 2022-01 | 0 |
| 2021-12 | 0 |
| 2021-11 | 0 |
| 2021-10 | 0 |
| 2021-09 | 0 |
| 2021-08 | 0 |
| 2021-07 | 0 |
| 2021-06 | 0 |
| 2021-05 | 0 |
| 2021-04 | 0 |
| 2021-03 | 0 |
| 2021-02 | 0 |
| 2021-01 | 0 |
| 2020-12 | 0 |
| 2020-11 | 0 |
| 2020-10 | 0 |
| 2020-09 | 0 |
| 2020-08 | 0 |
| 2020-07 | 0 |
| 2020-06 | 0 |
| 2020-05 | 0 |
| 2020-04 | 0 |
| 2020-03 | 0 |
| 2020-02 | 0 |
| 2020-01 | 0 |
| 2019-12 | 0 |
| 2019-11 | 0 |
| 2019-10 | 0 |
| 2019-09 | 0 |
| 2019-08 | 0 |
| 2019-07 | 0 |
| 2019-06 | 0 |
| 2019-05 | 0 |
| 2019-04 | 0 |
| 2019-03 | 0 |
| 2019-02 | 0 |
| 2019-01 | 0 |
| 2018-12 | 0 |
| 2018-11 | 0 |
| 2018-10 | 0 |
| 2018-09 | 0 |
| 2018-08 | 0 |
| 2018-07 | 0 |
| 2018-06 | 0 |
| 2018-05 | 0 |
| 2018-04 | 0 |
| 2018-03 | 0 |
| 2018-02 | 0 |
| 2018-01 | 0 |
| 2017-12 | 0 |
| 2017-11 | 0 |
| 2017-10 | 0 |
| 2017-09 | 0 |
| 2017-08 | 0 |
| 2017-07 | 0 |
| 2017-06 | 0 |
| 2017-05 | 0 |
| 2017-04 | 0 |
| 2017-03 | 0 |
| 2017-02 | 0 |
| 2017-01 | 0 |
| 2016-12 | 0 |
| 2016-11 | 0 |
| 2016-10 | 0 |
| 2016-09 | 0 |
| 2016-08 | 0 |
| 2016-07 | 0 |
| 2016-06 | 0 |
| 2016-05 | 0 |
| 2016-04 | 0 |
| 2016-03 | 0 |
| 2016-02 | 0.05 |
| 2016-01 | 0.05 |
| 2015-12 | 0.05 |
| 2015-11 | 0.05 |
| 2015-10 | 0.05 |
| 2015-09 | 0.05 |
| 2015-08 | 0.05 |
| 2015-07 | 0.05 |
| 2015-06 | 0.05 |
| 2015-05 | 0.05 |
| 2015-04 | 0.05 |
| 2015-03 | 0.05 |
| 2015-02 | 0.05 |
| 2015-01 | 0.05 |
| 2014-12 | 0.05 |
| 2014-11 | 0.05 |
| 2014-10 | 0.05 |
| 2014-09 | 0.05 |
| 2014-08 | 0.15 |
| 2014-07 | 0.15 |
| 2014-06 | 0.15 |
| 2014-05 | 0.25 |
| 2014-04 | 0.25 |
| 2014-03 | 0.25 |
| 2014-02 | 0.25 |
| 2014-01 | 0.25 |
| 2013-12 | 0.25 |
| 2013-11 | 0.25 |
| 2013-10 | 0.5 |
| 2013-09 | 0.5 |
| 2013-08 | 0.5 |
| 2013-07 | 0.5 |
| 2013-06 | 0.5 |
| 2013-05 | 0.5 |
| 2013-04 | 0.75 |
| 2013-03 | 0.75 |
| 2013-02 | 0.75 |
| 2013-01 | 0.75 |
| 2012-12 | 0.75 |
| 2012-11 | 0.75 |
| 2012-10 | 0.75 |
| 2012-09 | 0.75 |
| 2012-08 | 0.75 |
| 2012-07 | 0.75 |
| 2012-06 | 1 |
| 2012-05 | 1 |
| 2012-04 | 1 |
| 2012-03 | 1 |
| 2012-02 | 1 |
| 2012-01 | 1 |
| 2011-12 | 1 |
| 2011-11 | 1.25 |
| 2011-10 | 1.5 |
| 2011-09 | 1.5 |
| 2011-08 | 1.5 |
| 2011-07 | 1.5 |
| 2011-06 | 1.25 |
| 2011-05 | 1.25 |
| 2011-04 | 1.25 |
| 2011-03 | 1 |
| 2011-02 | 1 |
| 2011-01 | 1 |
| 2010-12 | 1 |
| 2010-11 | 1 |
| 2010-10 | 1 |
| 2010-09 | 1 |
| 2010-08 | 1 |
| 2010-07 | 1 |
| 2010-06 | 1 |
| 2010-05 | 1 |
| 2010-04 | 1 |
| 2010-03 | 1 |
| 2010-02 | 1 |
| 2010-01 | 1 |
| 2009-12 | 1 |
| 2009-11 | 1 |
| 2009-10 | 1 |
| 2009-09 | 1 |
| 2009-08 | 1 |
| 2009-07 | 1 |
| 2009-06 | 1 |
| 2009-05 | 1 |
| 2009-04 | 1.25 |
| 2009-03 | 1.5 |
| 2009-02 | 2 |
| 2009-01 | 2 |
| 2008-12 | 2.5 |
| 2008-11 | 3.25 |
| 2008-10 | 3.75 |
| 2000-05 | 3.75 |
| 2000-04 | 3.75 |
| 2000-03 | 3.5 |
| 2000-02 | 3.25 |
| 2000-01 | 3 |
| 1999-12 | 3 |
| 1999-11 | 3 |
| 1999-10 | 2.5 |
| 1999-09 | 2.5 |
| 1999-08 | 2.5 |
| 1999-07 | 2.5 |
| 1999-06 | 2.5 |
| 1999-05 | 2.5 |
| 1999-04 | 2.5 |
| 1999-03 | 3 |
| 1999-02 | 3 |
| 1999-01 | 3 |