Central bank · EUR
European Central Bank (ECB) meeting dates 2026–2027 and the current ECB rate
Short answer: the European Central Bank's deposit facility rate is 2.50% (last change: +0.25, Sep 2026). The next decision is on 17 December 2026, at 13:15 UK time (14:15 Frankfurt time).
ECB meeting dates 2026–2027
Decision days as the European Central Bank publishes them. Monetary policy meetings from October 2026 onwards, as listed on the ECB's calendar. Dates up to 5 November 2026 are marked as held.
| Decision day | Frankfurt time | UK time | New York time | Status |
|---|---|---|---|---|
| Thu, 29 Oct 2026 | 14:15 | 13:15 | 09:15 | Held |
| Thu, 17 Dec 2026 | 14:15 | 13:15 | 08:15 | Next |
| Thu, 4 Feb 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 18 Mar 2027 | 14:15 | 13:15 | 09:15 | Scheduled |
| Thu, 29 Apr 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 10 Jun 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 22 Jul 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 9 Sept 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 28 Oct 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
| Thu, 16 Dec 2027 | 14:15 | 13:15 | 08:15 | Scheduled |
Times follow each zone's daylight saving rules, so the UK time can shift by an hour in the weeks when the UK and the other country change clocks on different dates. Confirm on the official calendar before relying on a date.
Current ECB interest rate
- Deposit facility rate: 2.50%
- Last change: +0.25, Sep 2026
- Who decides: The ECB's Governing Council.
- Target: 2% inflation over the medium term. The ECB describes its commitment to the target as symmetric. Source
- How it explains decisions: A monetary policy statement and press conference after each decision, with staff macroeconomic projections four times a year.
Currency pairs the ECB moves
A rate decision moves EUR pairs through the gap between the two policy rates. This is the gap today for the 3 major pairs that include EUR; the full table covers all 10.
| Pair | Base rate | Quote rate | Gap (base − quote) |
|---|---|---|---|
| EUR/USD | EUR 2.50% | USD 3.75–4.00% | −1.50 to −1.25 pp |
| EUR/JPY | EUR 2.50% | JPY 1.25% | +1.25 pp |
| EUR/GBP | EUR 2.50% | GBP 4.00% | −1.50 pp |
The gap is arithmetic on official policy rates, not a broker's swap rate and not a forecast. Markets react to the decision against what was expected, and often more to the guidance about future meetings than to the decision itself.
See the ECB in MacroMatrixFX
MacroMatrixFX shows the ECB's decisions on its built-in economic calendar and reads the rates and policy family alongside inflation, growth, positioning and risk for each of its 10 pairs, with a confidence reading on every score. Its alerts for a currency's pairs pause around that currency's high-impact events. EUR/USD, GBP/USD and USD/JPY are free.
Explore MacroMatrixFX · What is a fundamental bias? · Release dates in UK time
Other central banks
- Federal Reserve (Fed) meeting dates and rate
- Bank of England (BoE) meeting dates and rate
- Bank of Japan (BoJ) meeting dates and rate
- Swiss National Bank (SNB) meeting dates and rate
- Bank of Canada (BoC) meeting dates and rate
- Reserve Bank of Australia (RBA) meeting dates and rate
- Reserve Bank of New Zealand (RBNZ) meeting dates and rate
- All eight central banks in one table
- European Central Bank: policy rate · decision calendar · mandate and target · announcement time
- BIS: central bank policy rates (cross-check)
Sources are cited so you can verify them. They are independent of Macro Research Technologies and have not reviewed or approved this content. Educational content only, not financial advice. Rates and dates can change at short notice. Contact us with corrections.