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.
4.5%
Sep 2026
−0.3 ptsvs Sep 2025
min 1.0 Mar 2020max 6.0 Jul 2023
%
Frequency
Range
Source: Bank for International Settlements — Central bank policy rates· Data Sep 2026Source type : Official
