# ECB keeps its deposit rate at 2.50% as energy prices rise

> The Governing Council kept all three key ECB rates unchanged on 29 October 2026. It said energy prices have kept rising, which adds to upside risks for inflation and downside risks for growth.

- Canonical URL: https://forextradingcommunity.com/news/ecb-keeps-deposit-rate-2-50-percent-october-2026/
- Type: Central banks
- Published: 2026-10-30
- Updated: 2026-10-30
- Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team
- Currencies: EUR

The Governing Council of the European Central Bank kept its three key interest rates unchanged on 29 October 2026. The deposit facility rate stays at 2.50%, the main refinancing operations rate at 2.65% and the marginal lending facility rate at 2.90% ([ECB press release, monetary policy decisions, 29 October 2026](https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp261029~9a493adf17.en.html)).

## The decision in numbers

- **Deposit facility rate**: 2.50%, unchanged
- **Main refinancing operations rate**: 2.65%, unchanged
- **Marginal lending facility rate**: 2.90%, unchanged
- **Press conference**: 14:45 CET on 29 October 2026

## What the statement says

The bank says energy prices have continued to rise. It expects the energy shock to push inflation up and growth down, and it says financing conditions have tightened since the last meeting. Underlying inflation has stayed broadly stable so far, and wages do not show a material response at this stage. The Governing Council says it is not pre-committing to a particular rate path and will decide meeting by meeting.

## Reading it

The rate was raised in September ([the ECB's September increase](/news/ecb-raises-interest-rates-september-2026/)), and this statement holds it there. The bank is leaving the next move open, so the inflation and growth data before its next meeting will matter most. For the euro area inflation reading the bank was weighing at its September meeting, see [euro area inflation confirmed at 3.8%](/news/euro-area-inflation-confirmed-september-2026/). For how rate decisions reach the single currency, see [what moves EUR/USD](/news/what-moves-eur-usd/). Live prices: [EUR/USD](/markets/eur-usd/).

## Sources

- [ECB: Monetary policy decisions, 29 October 2026](https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp261029~9a493adf17.en.html)

## Common questions

### What did the ECB decide on 29 October 2026?

It kept the deposit facility rate at 2.50%, the main refinancing operations rate at 2.65% and the marginal lending facility rate at 2.90%.

### Did the ECB signal its next rate move?

No. The statement says the Governing Council is not pre-committing to a particular rate path and will decide meeting by meeting.

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