ECB raises rates by 25 basis points

The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 4.25%, 4.50% and 3.75% respectively, with effect from 2 August 2023.


Press release: monetary policy decisions (93 KB)
Monetary Policy Statement (228 KB)

ECB adjusts remuneration of minimum reserves

The monetary policy statement at a glance. July 2023
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