EU/UK Ratesmonthly
ECB Main Refinancing Rate
ECB main refinancing operations rate, the key policy rate.
The ECB Main Refinancing Rate is currently 2.15%, last updated .
2.15%
1W -10.42%1M -10.42%3M -10.42%
Updated 30d agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for ECB Main Refinancing Rate, blended across current macro regimes.
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European markets carry the sovereign debt overhang of the post-2010 era in their pricing. Bund-BTP spreads remain the cleanest gauge of periphery stress, while HICP drives ECB policy expectations. UK macro diverges post-Brexit, with sterling volatility and Gilt-Bund spreads carrying political risk premia that sometimes detach entirely from U.S. moves.
No data available
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jun 11, 2025 | 2.15% | -10.42% |
| Apr 23, 2025 | 2.40% | -9.43% |
| Mar 12, 2025 | 2.65% | -8.62% |
| Feb 5, 2025 | 2.90% | -7.94% |
| Dec 18, 2024 | 3.15% | -7.35% |
| Oct 23, 2024 | 3.40% | -6.85% |
| Sep 18, 2024 | 3.65% | -14.12% |
| Jun 12, 2024 | 4.25% | -5.56% |
| Sep 20, 2023 | 4.50% | +5.88% |
| Aug 2, 2023 | 4.25% | +6.25% |
| Jun 21, 2023 | 4.00% | +6.67% |
| May 10, 2023 | 3.75% | +7.14% |
| Mar 22, 2023 | 3.50% | +16.67% |
| Feb 8, 2023 | 3.00% | +20.00% |
| Dec 21, 2022 | 2.50% | +25.00% |
| Nov 2, 2022 | 2.00% | +60.00% |
| Sep 14, 2022 | 1.25% | +150.00% |
| Jul 27, 2022 | 0.50% | +Infinity% |
| Sep 18, 2019 | 0.00% | NaN% |
| Mar 16, 2016 | 0.00% | -100.00% |
| Dec 9, 2015 | 0.05% | +0.00% |
| Sep 10, 2014 | 0.05% | -66.67% |
| Jun 11, 2014 | 0.15% | -40.00% |
| Nov 13, 2013 | 0.25% | — |
Related in EU/UK Rates
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ECB deposit facility rate, the floor of the euro area interest rate corridor.
ECB Marginal Lending Rate
ECB marginal lending facility rate, the ceiling of the corridor.
€STR (Euro Short-Term Rate)
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Explore Further
Frequently Asked Questions
▶What is ECB Main Refinancing Rate?
ECB main refinancing operations rate, the key policy rate.
▶How does ECB Main Refinancing Rate relate to eu/uk rates?
ECB Main Refinancing Rate is part of the EU/UK Rates category. European markets carry the sovereign debt overhang of the post-2010 era in their pricing. Bund-BTP spreads remain the cleanest gauge of periphery stress, while HICP drives ECB policy expectations. UK macro diverges post-Brexit, with sterling volatility and Gilt-Bund spreads carrying political risk premia that sometimes detach entirely from U.S. moves.
▶How often is ECB Main Refinancing Rate updated?
ECB Main Refinancing Rate is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source ECB Main Refinancing Rate data?
Convex sources ECB Main Refinancing Rate data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the ECB Main Refinancing Rate chart page?
The ECB Main Refinancing Rate page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.