The interest rate the central bank sets to steer credit and inflation (euro area: ECB main refinancing rate). A higher rate makes borrowing dearer for households, businesses and the State.
5.3%
Sep 2026
−0.3 ptsvs Sep 2025
min 4.0 May 2020max 9.0 Jul 2008
%
Frequency
Range
Source: Bank for International Settlements — Central bank policy rates· Data Sep 2026Source type : Official
Rate set by the central bank, end of month · Y-axis truncated
