The ECB raised its key marginal lending facility rate by 25bps to 2.9% in September 2026, in line with expectations, following a similar hike in June and pushing borrowing costs to the highest level since early 2025. source: European Central Bank

Lending Rate in Euro Area averaged 2.33 percent from 1999 until 2026, reaching an all time high of 5.75 percent in October of 2000 and a record low of 0.25 percent in March of 2016. This page provides - Euro Area Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Marginal Lending Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Lending Rate in Euro Area is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Marginal Lending Rate is projected to trend around 2.65 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-23 12:15 PM
Marginal Lending Rate
2.65% 2.65% 2.65%
2026-09-10 12:15 PM
Marginal Lending Rate
2.9% 2.65% 2.9%
2026-10-29 01:15 PM
Marginal Lending Rate
2.9%


Related Last Previous Unit Reference
Central Bank Balance Sheet 5912178.00 5915343.00 EUR Million Sep 2026
Deposit Facility Rate 2.50 2.25 percent Sep 2026
Foreign Exchange Reserves 116.35 116.77 USD Billion Jul 2026
ECB Interest Rate 2.65 2.40 percent Sep 2026
Marginal Lending Rate 2.90 2.65 percent Sep 2026
Loans to Households YoY 3.10 3.00 percent Jul 2026
Loans to Non-financial Corporations 5489668.00 5466068.00 EUR Million Jul 2026
Longer-Term Refinancing Operations 14.31 14.31 EUR Billion Sep 2026
Money Supply M1 11292842.00 11324679.00 EUR Million Jul 2026
Money Supply M2 16436438.00 16416939.00 EUR Million Jul 2026
Money Supply M3 17613983.00 17615006.00 EUR Million Jul 2026
Refinancing Operations 13.87 18.01 EUR Billion Sep 2026


Euro Area Marginal Lending Rate
In the Euro Area, the marginal lending facility aims to provide overnight liquidity, signal the general stance of monetary policy and normally provides a ceiling for the overnight market interest rate. This facility is available to eligible counterparties on their own initiative, subject to their fulfilment of certain operational access conditions. Counterparties can use the marginal lending facility to obtain overnight liquidity from the national central banks against eligible assets. Under normal circumstances, there are no credit limits or other restrictions on counterparties' access to the facility, apart from the requirement to present sufficient underlying assets. The marginal lending facility is administered in a decentralised manner by the national central banks.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.65 5.75 0.25 1999 - 2026 percent Monthly
NSA