The European Central Bank has raised its Marginal Lending Facility rate to 2.90%, up from 2.65%, according to data updated on 10 September 2026 for the euro area. The move reflects a further tightening in the cost of overnight borrowing for banks that tap the ECB’s emergency lending window.
The Marginal Lending Facility rate acts as the upper bound of the ECB’s key interest rate corridor and is an important benchmark for short-term money market conditions in the Euro Zone. The 25-basis-point increase suggests a continued focus on restraining liquidity and maintaining tighter financial conditions across the bloc.
