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 4.50%, 4.75% and 4.00% respectively, with effect from 20 September 2023.


Press release: monetary policy decisions (264 KB)
Monetary Policy Statement (226 KB)

The monetary policy statement at a glance. July 2023
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