ECB Raises Deposit Rate To 2.50%, Cites War In The Middle East
The European Central Bank also lifted its main refinancing rate to 2.65% and marginal lending to 2.90%, effective September 16.
- The increase is the ECB's second since war in the Middle East began driving up inflation.
- The ECB projects headline inflation at 3.0% for 2026, still above its 2% target.
- The Governing Council says it is 'not pre-committing to a particular rate path.'
Why it matters: The bank that sets everyone's borrowing cost is billing citizens for a war none of them started.
European Central Bank, Monetary policy decisions press release ↗ · Sep 10, 20269/10/26