European Central Bank meeting —

At its 10 September 2026 meeting, the European Central Bank raised its policy rate from 2.25% to 2.50%.

Decision

hike — 2.25% to 2.50%

Key passages

The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period.

Confirms a 25bp hike driven by inflation, the core hawkish policy signal for rates.

The baseline of the new ECB staff projections sees headline inflation averaging 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028.

Headline inflation is projected above target through 2027, supporting a restrictive stance.

Meeting documents

Background reading

Previous meeting · Open the full decision workspace

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