Data / Central bank policy rate / Euro area

Central bank policy rate in Euro area

Central bank policy rate in Euro area was 2.5% in September 2026, according to European Central Bank. That is up 0.5 pts from September 2025.

September 20262.5%
Change on September 2025+0.5 pts
Series high4September 2023
Series low-0.5September 2019

Central bank policy rate in Euro area, January 1999 to September 2026

CSVChart (SVG)

-1012341999-012003-012007-012011-012015-012019-012023-012026-091999-01: 2 %1999-02: 2 %1999-03: 2 %1999-04: 1.5 %1999-05: 1.5 %1999-06: 1.5 %1999-07: 1.5 %1999-08: 1.5 %1999-09: 1.5 %1999-10: 1.5 %1999-11: 2 %1999-12: 2 %2000-01: 2 %2000-02: 2.25 %2000-03: 2.5 %2000-04: 2.75 %2000-05: 2.75 %2000-06: 3.25 %2000-07: 3.25 %2000-08: 3.25 %2000-09: 3.5 %2000-10: 3.75 %2000-11: 3.75 %2000-12: 3.75 %2001-01: 3.75 %2001-02: 3.75 %2001-03: 3.75 %2001-04: 3.75 %2001-05: 3.5 %2001-06: 3.5 %2001-07: 3.5 %2001-08: 3.25 %2001-09: 2.75 %2001-10: 2.75 %2001-11: 2.25 %2001-12: 2.25 %2002-01: 2.25 %2002-02: 2.25 %2002-03: 2.25 %2002-04: 2.25 %2002-05: 2.25 %2002-06: 2.25 %2002-07: 2.25 %2002-08: 2.25 %2002-09: 2.25 %2002-10: 2.25 %2002-11: 2.25 %2002-12: 1.75 %2003-01: 1.75 %2003-02: 1.75 %2003-03: 1.5 %2003-04: 1.5 %2003-05: 1.5 %2003-06: 1 %2003-07: 1 %2003-08: 1 %2003-09: 1 %2003-10: 1 %2003-11: 1 %2003-12: 1 %2004-01: 1 %2004-02: 1 %2004-03: 1 %2004-04: 1 %2004-05: 1 %2004-06: 1 %2004-07: 1 %2004-08: 1 %2004-09: 1 %2004-10: 1 %2004-11: 1 %2004-12: 1 %2005-01: 1 %2005-02: 1 %2005-03: 1 %2005-04: 1 %2005-05: 1 %2005-06: 1 %2005-07: 1 %2005-08: 1 %2005-09: 1 %2005-10: 1 %2005-11: 1 %2005-12: 1.25 %2006-01: 1.25 %2006-02: 1.25 %2006-03: 1.5 %2006-04: 1.5 %2006-05: 1.5 %2006-06: 1.75 %2006-07: 1.75 %2006-08: 2 %2006-09: 2 %2006-10: 2.25 %2006-11: 2.25 %2006-12: 2.5 %2007-01: 2.5 %2007-02: 2.5 %2007-03: 2.75 %2007-04: 2.75 %2007-05: 2.75 %2007-06: 3 %2007-07: 3 %2007-08: 3 %2007-09: 3 %2007-10: 3 %2007-11: 3 %2007-12: 3 %2008-01: 3 %2008-02: 3 %2008-03: 3 %2008-04: 3 %2008-05: 3 %2008-06: 3 %2008-07: 3.25 %2008-08: 3.25 %2008-09: 3.25 %2008-10: 3.25 %2008-11: 2.75 %2008-12: 2 %2009-01: 1 %2009-02: 1 %2009-03: 0.5 %2009-04: 0.25 %2009-05: 0.25 %2009-06: 0.25 %2009-07: 0.25 %2009-08: 0.25 %2009-09: 0.25 %2009-10: 0.25 %2009-11: 0.25 %2009-12: 0.25 %2010-01: 0.25 %2010-02: 0.25 %2010-03: 0.25 %2010-04: 0.25 %2010-05: 0.25 %2010-06: 0.25 %2010-07: 0.25 %2010-08: 0.25 %2010-09: 0.25 %2010-10: 0.25 %2010-11: 0.25 %2010-12: 0.25 %2011-01: 0.25 %2011-02: 0.25 %2011-03: 0.25 %2011-04: 0.5 %2011-05: 0.5 %2011-06: 0.5 %2011-07: 0.75 %2011-08: 0.75 %2011-09: 0.75 %2011-10: 0.75 %2011-11: 0.5 %2011-12: 0.25 %2012-01: 0.25 %2012-02: 0.25 %2012-03: 0.25 %2012-04: 0.25 %2012-05: 0.25 %2012-06: 0.25 %2012-07: 0 %2012-08: 0 %2012-09: 0 %2012-10: 0 %2012-11: 0 %2012-12: 0 %2013-01: 0 %2013-02: 0 %2013-03: 0 %2013-04: 0 %2013-05: 0 %2013-06: 0 %2013-07: 0 %2013-08: 0 %2013-09: 0 %2013-10: 0 %2013-11: 0 %2013-12: 0 %2014-01: 0 %2014-02: 0 %2014-03: 0 %2014-04: 0 %2014-05: 0 %2014-06: -0.1 %2014-07: -0.1 %2014-08: -0.1 %2014-09: -0.2 %2014-10: -0.2 %2014-11: -0.2 %2014-12: -0.2 %2015-01: -0.2 %2015-02: -0.2 %2015-03: -0.2 %2015-04: -0.2 %2015-05: -0.2 %2015-06: -0.2 %2015-07: -0.2 %2015-08: -0.2 %2015-09: -0.2 %2015-10: -0.2 %2015-11: -0.2 %2015-12: -0.3 %2016-01: -0.3 %2016-02: -0.3 %2016-03: -0.4 %2016-04: -0.4 %2016-05: -0.4 %2016-06: -0.4 %2016-07: -0.4 %2016-08: -0.4 %2016-09: -0.4 %2016-10: -0.4 %2016-11: -0.4 %2016-12: -0.4 %2017-01: -0.4 %2017-02: -0.4 %2017-03: -0.4 %2017-04: -0.4 %2017-05: -0.4 %2017-06: -0.4 %2017-07: -0.4 %2017-08: -0.4 %2017-09: -0.4 %2017-10: -0.4 %2017-11: -0.4 %2017-12: -0.4 %2018-01: -0.4 %2018-02: -0.4 %2018-03: -0.4 %2018-04: -0.4 %2018-05: -0.4 %2018-06: -0.4 %2018-07: -0.4 %2018-08: -0.4 %2018-09: -0.4 %2018-10: -0.4 %2018-11: -0.4 %2018-12: -0.4 %2019-01: -0.4 %2019-02: -0.4 %2019-03: -0.4 %2019-04: -0.4 %2019-05: -0.4 %2019-06: -0.4 %2019-07: -0.4 %2019-08: -0.4 %2019-09: -0.5 %2019-10: -0.5 %2019-11: -0.5 %2019-12: -0.5 %2020-01: -0.5 %2020-02: -0.5 %2020-03: -0.5 %2020-04: -0.5 %2020-05: -0.5 %2020-06: -0.5 %2020-07: -0.5 %2020-08: -0.5 %2020-09: -0.5 %2020-10: -0.5 %2020-11: -0.5 %2020-12: -0.5 %2021-01: -0.5 %2021-02: -0.5 %2021-03: -0.5 %2021-04: -0.5 %2021-05: -0.5 %2021-06: -0.5 %2021-07: -0.5 %2021-08: -0.5 %2021-09: -0.5 %2021-10: -0.5 %2021-11: -0.5 %2021-12: -0.5 %2022-01: -0.5 %2022-02: -0.5 %2022-03: -0.5 %2022-04: -0.5 %2022-05: -0.5 %2022-06: -0.5 %2022-07: 0 %2022-08: 0 %2022-09: 0.75 %2022-10: 0.75 %2022-11: 1.5 %2022-12: 2 %2023-01: 2 %2023-02: 2.5 %2023-03: 3 %2023-04: 3 %2023-05: 3.25 %2023-06: 3.5 %2023-07: 3.5 %2023-08: 3.75 %2023-09: 4 %2023-10: 4 %2023-11: 4 %2023-12: 4 %2024-01: 4 %2024-02: 4 %2024-03: 4 %2024-04: 4 %2024-05: 4 %2024-06: 3.75 %2024-07: 3.75 %2024-08: 3.75 %2024-09: 3.5 %2024-10: 3.25 %2024-11: 3.25 %2024-12: 3 %2025-01: 3 %2025-02: 2.75 %2025-03: 2.5 %2025-04: 2.25 %2025-05: 2.25 %2025-06: 2 %2025-07: 2 %2025-08: 2 %2025-09: 2 %2025-10: 2 %2025-11: 2 %2025-12: 2 %2026-01: 2 %2026-02: 2 %2026-03: 2 %2026-04: 2 %2026-05: 2 %2026-06: 2.25 %2026-07: 2.25 %2026-08: 2.25 %2026-09: 2.5 %
%. Source: ECB. Retrieved 2026-10-09.
All 333 values
Period%
2026-092.5
2026-082.25
2026-072.25
2026-062.25
2026-052
2026-042
2026-032
2026-022
2026-012
2025-122
2025-112
2025-102
2025-092
2025-082
2025-072
2025-062
2025-052.25
2025-042.25
2025-032.5
2025-022.75
2025-013
2024-123
2024-113.25
2024-103.25
2024-093.5
2024-083.75
2024-073.75
2024-063.75
2024-054
2024-044
2024-034
2024-024
2024-014
2023-124
2023-114
2023-104
2023-094
2023-083.75
2023-073.5
2023-063.5
2023-053.25
2023-043
2023-033
2023-022.5
2023-012
2022-122
2022-111.5
2022-100.75
2022-090.75
2022-080
2022-070
2022-06-0.5
2022-05-0.5
2022-04-0.5
2022-03-0.5
2022-02-0.5
2022-01-0.5
2021-12-0.5
2021-11-0.5
2021-10-0.5
2021-09-0.5
2021-08-0.5
2021-07-0.5
2021-06-0.5
2021-05-0.5
2021-04-0.5
2021-03-0.5
2021-02-0.5
2021-01-0.5
2020-12-0.5
2020-11-0.5
2020-10-0.5
2020-09-0.5
2020-08-0.5
2020-07-0.5
2020-06-0.5
2020-05-0.5
2020-04-0.5
2020-03-0.5
2020-02-0.5
2020-01-0.5
2019-12-0.5
2019-11-0.5
2019-10-0.5
2019-09-0.5
2019-08-0.4
2019-07-0.4
2019-06-0.4
2019-05-0.4
2019-04-0.4
2019-03-0.4
2019-02-0.4
2019-01-0.4
2018-12-0.4
2018-11-0.4
2018-10-0.4
2018-09-0.4
2018-08-0.4
2018-07-0.4
2018-06-0.4
2018-05-0.4
2018-04-0.4
2018-03-0.4
2018-02-0.4
2018-01-0.4
2017-12-0.4
2017-11-0.4
2017-10-0.4
2017-09-0.4
2017-08-0.4
2017-07-0.4
2017-06-0.4
2017-05-0.4
2017-04-0.4
2017-03-0.4
2017-02-0.4
2017-01-0.4
2016-12-0.4
2016-11-0.4
2016-10-0.4
2016-09-0.4
2016-08-0.4
2016-07-0.4
2016-06-0.4
2016-05-0.4
2016-04-0.4
2016-03-0.4
2016-02-0.3
2016-01-0.3
2015-12-0.3
2015-11-0.2
2015-10-0.2
2015-09-0.2
2015-08-0.2
2015-07-0.2
2015-06-0.2
2015-05-0.2
2015-04-0.2
2015-03-0.2
2015-02-0.2
2015-01-0.2
2014-12-0.2
2014-11-0.2
2014-10-0.2
2014-09-0.2
2014-08-0.1
2014-07-0.1
2014-06-0.1
2014-050
2014-040
2014-030
2014-020
2014-010
2013-120
2013-110
2013-100
2013-090
2013-080
2013-070
2013-060
2013-050
2013-040
2013-030
2013-020
2013-010
2012-120
2012-110
2012-100
2012-090
2012-080
2012-070
2012-060.25
2012-050.25
2012-040.25
2012-030.25
2012-020.25
2012-010.25
2011-120.25
2011-110.5
2011-100.75
2011-090.75
2011-080.75
2011-070.75
2011-060.5
2011-050.5
2011-040.5
2011-030.25
2011-020.25
2011-010.25
2010-120.25
2010-110.25
2010-100.25
2010-090.25
2010-080.25
2010-070.25
2010-060.25
2010-050.25
2010-040.25
2010-030.25
2010-020.25
2010-010.25
2009-120.25
2009-110.25
2009-100.25
2009-090.25
2009-080.25
2009-070.25
2009-060.25
2009-050.25
2009-040.25
2009-030.5
2009-021
2009-011
2008-122
2008-112.75
2008-103.25
2008-093.25
2008-083.25
2008-073.25
2008-063
2008-053
2008-043
2008-033
2008-023
2008-013
2007-123
2007-113
2007-103
2007-093
2007-083
2007-073
2007-063
2007-052.75
2007-042.75
2007-032.75
2007-022.5
2007-012.5
2006-122.5
2006-112.25
2006-102.25
2006-092
2006-082
2006-071.75
2006-061.75
2006-051.5
2006-041.5
2006-031.5
2006-021.25
2006-011.25
2005-121.25
2005-111
2005-101
2005-091
2005-081
2005-071
2005-061
2005-051
2005-041
2005-031
2005-021
2005-011
2004-121
2004-111
2004-101
2004-091
2004-081
2004-071
2004-061
2004-051
2004-041
2004-031
2004-021
2004-011
2003-121
2003-111
2003-101
2003-091
2003-081
2003-071
2003-061
2003-051.5
2003-041.5
2003-031.5
2003-021.75
2003-011.75
2002-121.75
2002-112.25
2002-102.25
2002-092.25
2002-082.25
2002-072.25
2002-062.25
2002-052.25
2002-042.25
2002-032.25
2002-022.25
2002-012.25
2001-122.25
2001-112.25
2001-102.75
2001-092.75
2001-083.25
2001-073.5
2001-063.5
2001-053.5
2001-043.75
2001-033.75
2001-023.75
2001-013.75
2000-123.75
2000-113.75
2000-103.75
2000-093.5
2000-083.25
2000-073.25
2000-063.25
2000-052.75
2000-042.75
2000-032.5
2000-022.25
2000-012
1999-122
1999-112
1999-101.5
1999-091.5
1999-081.5
1999-071.5
1999-061.5
1999-051.5
1999-041.5
1999-032
1999-022
1999-012

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

European Central Bank. Key ECB interest rates: deposit facility rate in force on the last day of the month, euro area (FM.D.U2.EUR.4F.KR.DFR.LEV). https://data-api.ecb.europa.eu/service/data/FM/D.U2.EUR.4F.KR.DFR.LEV?format=csvdata&detail=dataonly. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Euro area?

Central bank policy rate in Euro area was 2.5% in September 2026, according to European Central Bank. That is up 0.5 pts from September 2025.

Where does this figure come from?

European Central Bank. Key ECB interest rates: deposit facility rate in force on the last day of the month, euro area (FM.D.U2.EUR.4F.KR.DFR.LEV). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Euro area?

4% in September 2023, the highest value since January 1999 in this series.

More statistics for Euro area

All statistics for Euro area