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European Central Bank

EUR · Official Website

Latest Statement

🦅 Hawkish

2026-02-05

The European Central Bank has decided to maintain its key interest rates unchanged, reaffirming its commitment to achieving a medium-term inflation target of 2%. The economic outlook remains resilient despite global uncertainties, and the Governing Council will continue to adopt a data-driven approach to monetary policy decisions.

Key ECB interest rates remain unchanged at 2.00%, 2.15%, and 2.40%.
The Governing Council emphasizes a data-dependent approach to future interest rate decisions, without pre-committing to a specific rate path.
The asset purchase programs are declining predictably, and the ECB is prepared to adjust its instruments to ensure inflation stability and effective monetary policy transmission.

⚡ 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

"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	1.1784
GDP Growth	1.9%
M2 Growth	4.7%
10Y Yield	2.77%
2y10y Spread	+0.76%
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	71.90 USD/barrel	-1.2%	+9.9%
Natural Gas (EU)	11.99 USD/MMBtu	+26.7%	+24.8%

Recent Statements

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

↑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_interest_rate

"It will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance."

⚡ Rate Holdmp_interest_rate

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

Monetary policy decisions 🦅 Hawkish

2025-09-11

⚡ Rate

↑0 ↓0 →1

🔮 Guidance

↑3 ↓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_interest_rate

"It will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance."

🔮 Guidance Hawkishmp_interest_rate

"In particular, the Governing Council’s interest rate decisions will be based on its assessment of the inflation outlook and the risks surrounding it, in light of the incoming economic and financial data, as well as the dynamics of underlying inflation and the strength of monetary policy transmission..."

⚡ Rate Holdmp_interest_rate

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

Monetary policy decisions 🦅 Hawkish

2025-07-24

⚡ 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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