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ECB lifts deposit rate 0.25%, inflation over 3% through 2026

6/20/2026

36 5 Full Breakdown

Summary

Story summary

The ECB raised its deposit rate by 25 basis points, saying inflation will stay above 3% through 2026.
Chief Economist Philip Lane called the rise a shock linked to the U.S.–Iran conflict and energy prices, but said it is milder than 2022 and needs no policy shift.
He added that the euro-zone economy stays resilient, markets price one to two more hikes by October, and wages may rise next year.

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Story summary

The ECB raised its deposit rate by 25 basis points, saying inflation will stay above 3% through 2026.
Chief Economist Philip Lane called the rise a shock linked to the U.S.–Iran conflict and energy prices, but said it is milder than 2022 and needs no policy shift.
He added that the euro-zone economy stays resilient, markets price one to two more hikes by October, and wages may rise next year.