The ECB raises the cost of money by 25 basis points, deposit rate rises to 2.50%

The ECB raises the cost of money by 25 basis points, deposit rate rises to 2.50%
The President of the ECB Christine Lagarde. REUTERS/Heiko Becker/File Photo REUTERS

The European Central Bank, at the end of the monetary policy meeting in Berlin, decided to raise the cost of money by 25 basis points, as widely expected by the markets. The deposit rate consequently rises to 2.50%.

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According to the ECB, the economic outlook remains very uncertain, with inflation rate forecasts at 3.0% in 2026, 2.5% in 2027, 2.1% in 2028 and Eurozone GDP growth limited to +0.9% in 2026, 1.4% in 2027 and 1.5% in 2028.

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