ECB · Christine Lagarde
European Central Bank
Deposit Facility Rate · Snapshot 30 Apr 2026, 06:22 am UTC
Next Decision
Today
Next Meeting Pricing
11.7% HIKE
Current Rate
2.00%
12-Month Outlook
+72 bp
PATH OF ECB DEPOSIT FACILITY RATE OVERNIGHT CALL RATE: MARKET EXPECTATION
| Meeting▲ | Implied | P(Hike) | P(Hold) | P(Cut) | Cum Moves | Δ bp |
|---|---|---|---|---|---|---|
| 30 Apr 2026 | 2.029% | 11.7% | 88.3% | 0.0% | 0.12 | +2.9 |
| 11 June 2026 | 2.257% | 91.3% | 8.7% | 0.0% | 1.03 | +25.7 |
| 23 July 2026 | 2.400% | 57.0% | 43.0% | 0.0% | 1.60 | +40.0 |
| 10 Sept 2026 | 2.558% | 63.4% | 36.6% | 0.0% | 2.23 | +55.8 |
| 29 Oct 2026 | 2.643% | 33.7% | 66.3% | 0.0% | 2.57 | +64.3 |
| 17 Dec 2026 | 2.685% | 17.0% | 83.0% | 0.0% | 2.74 | +68.5 |
| 04 Feb 2027 | 2.715% | 12.1% | 87.9% | 0.0% | 2.86 | +71.5 |
| 18 Mar 2027 | 2.720% | 1.9% | 98.1% | 0.0% | 2.88 | +72.0 |