Economic Calendar > Calendar Details
EurozoneJuneEuropean Central Bank's main refinancing rate
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-06-11 | 2.4% | 2.4% | 2.15% | N/A | Monthly |
|
Historical Data
Actual Value
Forecast Value
1 Year
2 Years
5 Years
Start Date
to
End Date
Definition
The European Central Bank (ECB) aims to stabilize prices by setting a benchmark interest rate—the refinancing rate—on a monthly basis. The refinancing rate is the rate at which commercial banks borrow funds from the central bank. It is a tool used by the central bank to implement monetary policy, influencing interbank market liquidity and lending rates, and consequently affecting commercial banks' deposit and lending rates to the public.
Impact on Market
Data > Expectations = Positive for the Euro
Why It Matters
Short-term interest rates are the most important parameter for exchange rate fluctuations—traders pay attention to other economic data mostly to predict future interest rate changes. However, the market usually already has a gamble on the outcome of interest rate decisions.
Released By
European Central Bank (ECB)
