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European Central Bank

EUR · Official Website

Latest Statement

🦅 Hawkish

2026-04-30

The European Central Bank has decided to maintain its key interest rates unchanged, citing intensified risks to inflation and growth due to rising energy prices linked to the ongoing conflict in the Middle East. The Governing Council remains committed to achieving a medium-term inflation target of 2% and will adopt a data-driven approach to future monetary policy decisions.

The ECB's key interest rates remain at 2.00%, 2.15%, and 2.40% for the deposit facility, main refinancing operations, and marginal lending facility, respectively.
Inflation risks have increased due to surging energy prices, while the euro area economy has shown resilience with inflation expectations remaining anchored in the long term.
The Governing Council is prepared to adjust its monetary policy instruments as necessary to ensure price stability and effective transmission of monetary policy across the euro area.

⚡ Rate

↑0 ↓0 →1

🔮 Guidance

↑3 ↓0

📝 Classified Sentences

🔮 Guidance Hawkishmp_inflation

"The Governing Council is committed to setting monetary policy to ensure that inflation stabilises at the 2% target in the medium term."

🔮 Guidance Hawkishmp_interest_rate

"The Governing Council will closely monitor the situation and follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance."

🔮 Guidance Hawkishmp_inflation

"The Governing Council stands ready to adjust all of its instruments within its mandate to ensure that inflation stabilises at its 2% target in the medium term and to preserve the smooth functioning of monetary policy transmission."

⚡ Rate Holdmp_interest_rate

"The Governing Council today decided to keep the three key ECB interest rates unchanged."

Bank Profile

Mandate

Price stability (2% HICP inflation over medium term)

Decision Types

Main refinancing operations rate, Deposit facility rate, Marginal lending facility rate, Asset purchases (APP/PEPP)

Policy Instruments

Refinancing operations, Standing facilities, Asset Purchase Programme (APP), TLTRO

Target Indicators

HICP inflation (2%), Core inflation, GDP growth, Credit conditions

Communication Style

Technical, data-driven, meeting-by-meeting approach, press conference Q&A

Committee

Governing Council - 6 Executive Board + 20 national central bank governors

Economic Indicators

Policy Rate	2.00%
EUR/USD	1.1525
GDP Growth	1.9%
M2 Growth	4.7%
10Y Yield	3.03%
2y10y Spread	+0.50%
Credit Spread	0.31%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for Eurozone

Commodity	Price	1D	30D
Brent Crude Oil	116.73 USD/barrel	+2.4%	-2.4%
Natural Gas (EU)	17.67 USD/MMBtu	+57.9%	+54.6%

Recent Statements

Monetary policy decisions ⚖️ Neutral

2026-03-19

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"The Governing Council today decided to keep the three key ECB interest rates unchanged."

Monetary policy decisions 🦅 Hawkish

2026-02-05

⚡ Rate

↑0 ↓0 →1

🔮 Guidance

↑2 ↓0

📝 Classified Sentences

🔮 Guidance Hawkishmp_inflation

"The Governing Council is determined to ensure that inflation stabilises at its 2% target in the medium term."

🔮 Guidance Hawkishmp_inflation

⚡ Rate Holdmp_interest_rate

"The Governing Council today decided to keep the three key ECB interest rates unchanged."

Monetary policy decisions 🦅 Hawkish

2025-12-18

⚡ Rate

↑0 ↓0 →1

🔮 Guidance

↑2 ↓0

📝 Classified Sentences

🔮 Guidance Hawkishmp_inflation

"The Governing Council is determined to ensure that inflation stabilises at its 2% target in the medium term."

🔮 Guidance Hawkishmp_inflation

⚡ Rate Holdmp_interest_rate

"The Governing Council today decided to keep the three key ECB interest rates unchanged."

Monetary policy decisions 🦅 Hawkish

2025-10-30

⚡ Rate

↑0 ↓0 →1

🔮 Guidance

↑1 ↓0

📝 Classified Sentences

🔮 Guidance Hawkishmp_inflation

"The Governing Council is determined to ensure that inflation stabilises at its 2% target in the medium term."

⚡ Rate Holdmp_interest_rate

"The Governing Council today decided to keep the three key ECB interest rates unchanged."

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