The European Central Bank raised the marginal lending facility interest rate by 25 basis points to 2.65% in June 2026, the first increase since 2023, as policymakers reaffirmed their commitment to steering monetary policy to ensure inflation stabilizes at its 2% medium-term target. 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 June of 2026.

Lending Rate in Euro Area is expected to be 2.65 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
2026-04-30 12:15 PM
Marginal Lending Rate
2.4% 2.4% 2.4%
2026-06-11 12:15 PM
Marginal Lending Rate
2.65% 2.4% 2.65%
2026-07-23 12:15 PM
Marginal Lending Rate
2.65%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6136317.00 6162017.00 EUR Million Jun 2026
Deposit Facility Rate 2.25 2.00 percent Jun 2026
Foreign Exchange Reserves 122147.00 121.29 USD Billion May 2026
ECB Interest Rate 2.40 2.15 percent Jun 2026
Marginal Lending Rate 2.65 2.40 percent Jun 2026
Loans to Households YoY 3.00 3.00 percent Apr 2026
Loans to Non-financial Corporations 5409680.00 5383316.00 EUR Million Apr 2026
Longer-Term Refinancing Operations 13.25 13.25 EUR Billion Jun 2026
Money Supply M1 11265075.00 11285871.00 EUR Million Apr 2026
Money Supply M2 16289850.00 16282398.00 EUR Million Apr 2026
Money Supply M3 17433911.00 17447434.00 EUR Million Apr 2026
Refinancing Operations 11.82 14.94 EUR Billion Jun 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
2.65 2.40 5.75 0.25 1999 - 2026 percent Monthly
NSA