Monetary policy decisions

17 April 2025

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

PRESS RELEASE OF THE ECB

The path is clear, with details blurry as risks persist

3 February 2024

As we step into the new year, we find ourselves navigating a landscape marked by tempered optimism and persistent challenges.

Governor’s comment

Monetary policy decisions

30 January 2025

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

Monetary policy decisions