The ECB Governing Council held a monetary policy meeting in Frankfurt on June 10-11, 2026, reviewing economic developments, inflation risks, and deciding to raise interest rates by 25 basis points.
The European Central Bank (ECB) Governing Council held its monetary policy meeting in Frankfurt am Main on Wednesday and Thursday, June 10-11, 2026.
The meeting included a review of financial, economic, and monetary developments, with particular focus on the impact of the conflict in the Middle East and the global artificial intelligence (AI) boom.
Market developments indicated that since the previous meeting in April 2026, euro area financial markets had experienced mixed signals, with oil prices declining from USD 118 to about USD 94 per barrel, while gas prices remained elevated. Inflation expectations had declined in the short term but remained above target over the medium term, influenced by energy prices and indirect effects.
The ECB assessed that risks to inflation were to the upside, primarily due to persistent energy price shocks and their pass-through to broader prices and wages. The Governing Council decided to increase the three key ECB interest rates by 25 basis points to address inflation pressures and ensure anchoring inflation expectations.
The decision was supported by a comprehensive analysis of economic and financial conditions, with the Council emphasizing the importance of a data-dependent, meeting-by-meeting approach. The Governing Council also highlighted the need for continued monitoring of inflation, energy prices, and financial stability risks.
The next monetary policy account is scheduled for release on 27 August 2026.
For more details, visit the official ECB press account: ECB press release.
