Unchanged today (11.9.2025) the interest rates her, the European Central Bank (ECB), for the 2nd consecutive meeting according to a statement by its Board of Directors.
The ECB has reduced its main interest rate to 2% during the year to June, but has since been waiting. However, leaving open the possibility of a new reduction in early 2026, as uncertainty in trade and political scene remains high.
Inflation is currently formed around the medium -term target of 2% and the Board of Directors’ evaluation of the prospects for inflation remains generally unchanged.
The ECB’s experts present, in their new forecasts, a picture of inflation similar to the one they predicted in June. They expect that general inflation will be an average of 2.1% in 2025, 1.7% in 2026 and 1.9% in 2027. For inflation excluding energy and food prices, they expect 2.4% in 2025, 1.9% in 2026 and 1.8% in 2027. up to 0.9% expected in June. The growth provision for 2026 is now slightly lower at 1.0%, while the prediction for 2027 remains unchanged at 1.3%.
The Board of Directors is determined to ensure that inflation is stabilized in the 2% goal in the medium term. A data -dependent approach will follow and will be held at each meeting to determine the appropriate direction of monetary policy. Specifically, the decisions of the Board of Directors on interest rates will be based on its evaluation of the prospects of inflation and the dangers that surround them, in the light of incoming financial and financial data, as well as the dynamics of underlying inflation and the power of monetary policy transmission. The Board of Directors is not committed in advance for a specific interest rate course.
Interest rates on the acceptance of deposits, main refinancing and marginal funding facility will remain unchanged at 2%, 2.15% and 2.40% respectively.