The European Central Bank’s February 2026 monetary policy decision includes updates on inflation, interest rates, and economic projections for the euro area, presented at Maynooth University by Philip R. Lane on 9 February 2026.
The European Central Bank (ECB) announced its monetary policy decision for February 2026, with key updates on inflation, interest rates, and economic outlooks for the euro area. The latest observations are as of 4 February 2026.
Inflation developments show that headline inflation remains above target, with energy inflation decreasing and non-energy inflation showing mixed signals. The ECB’s projections indicate inflation will gradually decline towards the target over the coming years.
The ECB’s deposit facility rate was set, with notes on short-term credit operations, asset purchase programmes, and balance sheet components. The latest data for the Eurosystem balance sheet and credit conditions are included.
Economic forecasts, based on December 2025 projections, suggest moderate GDP growth, with private consumption, investment, and exports contributing to the outlook. Inflation expectations and risks are also discussed, including wage developments, import prices, and global trade factors.
The decision reflects ongoing monetary policy measures aimed at maintaining price stability and supporting economic growth in the euro area. Further details are available in the official ECB report linked below.
For more information, visit the official ECB publication: ECB February 2026 monetary policy decision report.
