The ECB left its key marginal lending facility rate steady at 2.4% in its February 5th 2026 decision. 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. source: European Central Bank

Lending Rate in Euro Area is expected to be 2.40 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 2.15 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-18 01:15 PM
Marginal Lending Rate
2.4% 2.4% 2.4%
2026-02-05 01:15 PM
Marginal Lending Rate
2.4% 2.4% 2.4%
2026-03-19 01:15 PM
Marginal Lending Rate
2.4%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6242900.00 6255953.00 EUR Million Feb 2026
Deposit Facility Rate 2.00 2.00 percent Feb 2026
Foreign Exchange Reserves 124.87 115.98 USD Billion Jan 2026
ECB Interest Rate 2.15 2.15 percent Feb 2026
Marginal Lending Rate 2.40 2.40 percent Feb 2026
Loans to Households YoY 3.00 2.90 percent Dec 2025
Loans to Non-financial Corporations 5324307.00 5300835.00 EUR Million Dec 2025
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M1 11087922.00 11058080.00 EUR Million Dec 2025
Money Supply M2 16073522.00 16024591.00 EUR Million Dec 2025
Money Supply M3 17230703.00 17192692.00 EUR Million Dec 2025
Refinancing Operations 10.65 10.04 EUR Billion Dec 2025


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
2.40 2.40 5.75 0.25 1999 - 2026 percent Monthly
NSA