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 3.75%, 4.00% and 3.25% respectively, with effect from 10 May 2023.


Press release: monetary policy decisions (104 KB)
Monetary Policy Statement (123 KB)

Our monetary policy statement at a glance (May 2023)
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