Central bank rates
The rates at which the ECB and the US Federal Reserve lend and borrow.
ECB deposit rate
2.50 %
+25.0% over a year
October 2026
ECB refi rate
2.65 %
+23.3% over a year
October 2026
ECB lending rate
2.90 %
+20.8% over a year
October 2026
€STR
2.439 %
+27.0% over a year
October 2026
Fed rate
4.00 %
0.0% over a year
October 2026
EFFR
3.88 %
+0.5% over a year
October 2026
SOFR
3.89 %
−7.8% over a year
October 2026
| Indicator | Value | Period | Change over a year | Source |
|---|---|---|---|---|
| ECB deposit facility rate | 2.50 % | October 2026 | +25.0% over a year | European Central Bank · FM.D.U2.EUR.4F.KR.DFR.LEV |
| ECB main refinancing operations rate | 2.65 % | October 2026 | +23.3% over a year | European Central Bank · FM.D.U2.EUR.4F.KR.MRR_RT.LEV |
| ECB marginal lending facility rate | 2.90 % | October 2026 | +20.8% over a year | European Central Bank · FM.D.U2.EUR.4F.KR.MLFR.LEV |
| €STR — the euro short-term rate | 2.439 % | October 2026 | +27.0% over a year | European Central Bank · EST.B.EU000A2X2A25.WT |
| US Fed funds target range | 4.00 % | October 2026 | 0.0% over a year | Federal Reserve Bank of New York · FEDTARGET-UPPER |
| EFFR — the effective federal funds rate | 3.88 % | October 2026 | +0.5% over a year | Federal Reserve Bank of New York · EFFR |
| SOFR — the secured overnight financing rate | 3.89 % | October 2026 | −7.8% over a year | Federal Reserve Bank of New York · SOFR |