The deposit facility rate: 2.25%

Of the ECB’s three policy rates, the deposit facility rate is the one that anchors overnight and money-market rates, and the one all expectations on this site refer to.

Current deposit facility rate
2.25%
since 17 June 2026 (+25 bp)
-1.00%0.00%1.00%2.00%3.00%4.00%5.00%1999200320072011201520192023

All changes

Effective dates per the ECB data series (the Wednesday after each Governing Council meeting).

Effective fromDeposit rateChange
17 June 20262.25%+25 bp
30 April 20262.25%+25 bp
11 June 20252.00%−25 bp
5 June 20252.00%−25 bp
23 April 20252.25%−25 bp
17 April 20252.25%−25 bp
12 March 20252.50%−25 bp
5 February 20252.75%−25 bp
18 December 20243.00%−25 bp
23 October 20243.25%−25 bp
18 September 20243.50%−25 bp
12 June 20243.75%−25 bp
1 January 20244.00%
20 September 20234.00%+25 bp
2 August 20233.75%+25 bp
21 June 20233.50%+25 bp
10 May 20233.25%+25 bp
22 March 20233.00%+50 bp
8 February 20232.50%+50 bp
21 December 20222.00%+50 bp
2 November 20221.50%+75 bp
14 September 20220.75%+75 bp
27 July 20220.00%+50 bp
18 September 2019-0.50%−10 bp
16 March 2016-0.40%−10 bp
9 December 2015-0.30%−10 bp
10 September 2014-0.20%−10 bp
11 June 2014-0.10%−10 bp
11 July 20120.00%−25 bp
14 December 20110.25%−25 bp
9 November 20110.50%−25 bp
13 July 20110.75%+25 bp
13 April 20110.50%+25 bp
8 April 20090.25%−25 bp
11 March 20090.50%−50 bp
21 January 20091.00%−100 bp
10 December 20082.00%−75 bp
12 November 20082.75%−50 bp
9 October 20083.25%+50 bp
8 October 20082.75%−50 bp
9 July 20083.25%+25 bp
13 June 20073.00%+25 bp
14 March 20072.75%+25 bp
13 December 20062.50%+25 bp
11 October 20062.25%+25 bp
9 August 20062.00%+25 bp
15 June 20061.75%+25 bp
8 March 20061.50%+25 bp
6 December 20051.25%+25 bp
6 June 20031.00%−50 bp
7 March 20031.50%−25 bp
6 December 20021.75%−50 bp
9 November 20012.25%−50 bp
18 September 20012.75%−50 bp
31 August 20013.25%−25 bp
11 May 20013.50%−25 bp
6 October 20003.75%+25 bp
1 September 20003.50%+25 bp
9 June 20003.25%+50 bp
28 April 20002.75%+25 bp
17 March 20002.50%+25 bp
4 February 20002.25%+25 bp
5 November 19992.00%+50 bp
9 April 19991.50%−50 bp
22 January 19992.00%−75 bp
4 January 19992.75%+75 bp
1 January 19992.00%