ECB Main Refinancing Operations Rate
European Union The ECB’s main policy interest rate.
Published value
ECB Main Refinancing Operations Rate at a glance
- Current rate
- 2.65% per year
- Effective date
- September 16, 2026
- Controlling authority
- See cited source
- Rate basis
- Published value
- Source checked
- October 8, 2026
- Recorded history
- 22 data points
The ECB main refinancing operations (MRO) rate is the European Central Bank's headline policy rate. The Directive identifies an ECB reference for euro-area minimum-framework calculations, but member-state statutory rates can use different national bases or more creditor-favourable rules. This page tracks the official MRO rate and every change, straight from the ECB Data Portal.
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Effective-date history
| Effective date | Rate | Basis |
|---|---|---|
| September 16, 2026 | 2.65% | Published |
| June 17, 2026 | 2.4% | Published |
| June 11, 2025 | 2.15% | Published |
| April 23, 2025 | 2.4% | Published |
| March 12, 2025 | 2.65% | Published |
| February 5, 2025 | 2.9% | Published |
| December 18, 2024 | 3.15% | Published |
| October 23, 2024 | 3.4% | Published |
| September 18, 2024 | 3.65% | Published |
| June 12, 2024 | 4.25% | Published |
| September 20, 2023 | 4.5% | Published |
| August 2, 2023 | 4.25% | Published |
| June 21, 2023 | 4% | Published |
| May 10, 2023 | 3.75% | Published |
| March 22, 2023 | 3.5% | Published |
| February 8, 2023 | 3% | Published |
| December 21, 2022 | 2.5% | Published |
| November 2, 2022 | 2% | Published |
| September 14, 2022 | 1.25% | Published |
| July 27, 2022 | 0.5% | Published |
| March 16, 2016 | 0% | Published |
| December 9, 2015 | 0.05% | Published |
Source & provenance
Observation recorded October 8, 2026 (15:37 UTC) from the cited source (European Central Bank):
https://data-api.ecb.europa.eu/service/data/FM/B.U2.EUR.4F.KR.MRR_FR.LEV?format=csvdata&startPeriod=2015-01-01
Cite this page
StatuteRates. “ECB Main Refinancing Operations Rate.” StatuteRates.com. Accessed today. https://statuterates.com/rates/ecb-main-refinancing-rate/ Value effective September 16, 2026.