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Rate Decision
The Governing Council increased the deposit facility to 2.50%, main refinancing operations to 2.65% and marginal lending facility to 2.90%, effective 16 September 2026.
Sources: [1]
Inflation Outlook
Headline inflation is projected at 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028. Core inflation forecasts were revised upward for 2027 and 2028.
Sources: [1]
Growth View
Economic growth is projected at 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028, with upward revisions reflecting euro area resilience.
Sources: [1]
Policy Stance
The Council will follow a data-dependent approach without pre-committing to a rate path, assessing inflation outlook and transmission dynamics.
Sources: [1]
Sources
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