The European Central Bank has decided to increase interest rates.

Omissions

• The hike was a single 25-basis-point increase decided at the Governing Council meeting of 11 June 2026; it was the first rise in nearly three years, after a series of rate cuts from 2024 onwards (the deposit facility rate had been cut eight times from 4.00% to 2.00% before the June 2026 hike).
• At the subsequent Governing Council meeting of 23 July 2026 (after the session date), rates were kept unchanged, so the increase was not the start of an uninterrupted tightening cycle.
• The MEP's broader statement that this was 'the second consecutive plenary session' in which Parliament disregarded the ECB decision refers to parliamentary agenda choices, not to the ECB's decision itself; the factual core about the rate increase is accurate.

Sources

• PrimaryEuropean Central Bank — Monetary policy decisions (11 June 2026)The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.25%, 2.40% and 2.65% respectively, with effect from 17 June 2026.
• PrimaryBanco de España — El BCE sube los tipos 25 puntos básicos en junioEl Consejo de Gobierno ha decidido subir los tres tipos de interés oficiales del BCE en 25 puntos básicos. En consecuencia, los tipos de interés aplicables a la facilidad de depósito, a las operaciones principales de financiación y a la facilidad marginal de crédito se incrementarán hasta el 2,25%, 2,40% y 2,65%, respectivamente.
• PrimaryEuropean Central Bank — Press conference: monetary policy statement (11 June 2026)The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. We are committed to setting monetary policy ...
• SecondaryEl País — El BCE sube los tipos por primera vez en casi tres años para atajar la inflaciónLa decisión de subir los tipos no supone, de momento, el inicio de un cambio de ciclo en los tipos de interés, sino más bien un ajuste puntual. (Article headline: El BCE sube los tipos por primera vez en casi tres años y para atajar la inflación.)