Euro Area: ECB Interest Rate - Main Refinancing Operations Rate

Macro

2026-06-11

Description

The Eurozone's Main Refinancing Operations Rate (MRO) is set and published by the European Central Bank (ECB). The MRO is the ECB's primary tool for providing short-term liquidity to commercial banks through weekly auctions. When the economy overheats or inflation rises, the ECB typically raises the MRO rate to curb demand; conversely, it lowers the rate during slowdowns.

Additionally, the ECB sets the Marginal Lending Facility Rate (MLF) and the Deposit Facility Rate (DF). The MLF is higher than the MRO, providing emergency funds to banks, while the DF is lower, allowing banks to deposit excess funds overnight.

The ECB’s Governing Council meets eight times per year.

Published by
European Central Bank (Choice)
Frequency
Monthly
Next Update
Hashtags

AI Data Insight

The Eurozone's main refinancing operations rate for Q2 2026 rose to 2.4%, an increase of 25 basis points from the previous 2.15%, in line with market consensus. The primary driver was Middle East geopolitics pushing up energy prices, which resulted in a high inflation rate of 3.2% in May. The European Central Bank (ECB) simultaneously revised its full-year inflation forecast upward and downgraded its economic growth estimates, demonstrating high vigilance against future stagflation risks.

Dive in →

You May Also Like

AI Data Insight

The Eurozone's main refinancing operations rate for Q2 2026 rose to 2.4%, an increase of 25 basis points from the previous 2.15%, in line with market consensus. The primary driver was Middle East geopolitics pushing up energy prices, which resulted in a high inflation rate of 3.2% in May. The European Central Bank (ECB) simultaneously revised its full-year inflation forecast upward and downgraded its economic growth estimates, demonstrating high vigilance against future stagflation risks.

Dive in →

You May Also Like

Other Industry

Semiconductor
Display
LED
Energy
Electronics
Telecom
Emerging Tech
Macro
Description

The Eurozone's Main Refinancing Operations Rate (MRO) is set and published by the European Central Bank (ECB). The MRO is the ECB's primary tool for providing short-term liquidity to commercial banks through weekly auctions. When the economy overheats or inflation rises, the ECB typically raises the MRO rate to curb demand; conversely, it lowers the rate during slowdowns.

Additionally, the ECB sets the Marginal Lending Facility Rate (MLF) and the Deposit Facility Rate (DF). The MLF is higher than the MRO, providing emergency funds to banks, while the DF is lower, allowing banks to deposit excess funds overnight.

The ECB’s Governing Council meets eight times per year.

Published by
European Central Bank (Choice)
Frequency
Monthly
Next Update
Hashtags