Three rates, one effective date
The deposit facility rate applies to banks’ overnight deposits with the Eurosystem. The main refinancing rate applies to its main refinancing operations, while the marginal lending facility provides overnight central-bank credit. These are distinct policy instruments, not three names for the same rate.
All three increase by 25 basis points, or 0.25 percentage points. The announced levels of 2.50%, 2.65% and 2.90% apply from September 16, 2026.
Read the decision alongside the policy message
The ECB retains a data-dependent, meeting-by-meeting approach and does not commit to a particular rate path. This increase alone does not establish the outcome of the October meeting.
Policy expectations can affect euro exchange rates and bond yields, but a rate increase does not by itself establish the direction of a market move. Other economic releases and prior expectations also matter when interpreting price changes.
Official ECB sources
Next ECB policy meeting: October 28–29
01
Decision day: October 29
The official calendar lists a two-day monetary policy meeting in Frankfurt, followed by a press conference on October 29. A specific release time is not asserted here.
02
September 30 is a different meeting
The intervening Governing Council meeting is listed as non-monetary policy. It is not the next scheduled interest-rate decision.
03
What to compare next
Compare the next decision with the rates effective September 16, and read any change in the ECB’s assessment separately from the size of the rate move.
ECB rate decision questions
What did the ECB decide in September 2026?
On September 10, it raised all three key rates by 25 basis points. From September 16 the deposit facility rate is 2.50%, the main refinancing rate 2.65% and the marginal lending rate 2.90%.
When is the next ECB rate decision?
October 29, 2026, the second day of the October 28–29 monetary policy meeting in Frankfurt. September 30 is a non-monetary-policy meeting.
When was the September decision released?
September 10 at 14:15 in Berlin (CEST), equivalent to 12:15 UTC and 8:15 AM U.S. Eastern Time, before regular U.S. stock trading.