Currencies / Euro area (21 countries)
Euro
Policy tightened as annual inflation rose
The latest observations
| Indicator | Observation | Reference period |
|---|---|---|
| Deposit facility rate | 2.50%Policy setting | 16 Sept 2026Latest available in this briefingRelease & retrievalRelease: Not provided by this feedRetrieved: 20 Sept 2026, 06:06 UTCObservation periods vary by release. The date shown is not a live reading.Original source ↗ |
| All-items HICP, annual change | 3.2% year on yearNot seasonally adjusted | August 2026Latest available in this briefingRelease & retrievalRelease: Not provided by this feedRetrieved: 20 Sept 2026, 06:06 UTCObservation periods vary by release. The date shown is not a live reading.Original source ↗ |
| Unemployment rate | 6.4%Seasonally adjusted | July 2026Latest available in this briefingRelease & retrievalRelease: Not provided by this feedRetrieved: 20 Sept 2026, 06:06 UTCObservation periods vary by release. The date shown is not a live reading.Original source ↗ |
| Real GDP growth, quarterly | 0.6% quarter on quarterSeasonally and calendar adjusted | Q2 2026Latest available in this briefingRelease & retrievalRelease: Not provided by this feedRetrieved: 20 Sept 2026, 06:06 UTCObservation periods vary by release. The date shown is not a live reading.Original source ↗ |
What the evidence shows
The ECB deposit facility rate is 2.50%, effective 16 Sept 2026.
All-items HICP inflation was 3.2% year on year in August 2026. Real GDP grew 0.6% quarter on quarter in Q2 2026.
The unemployment rate was 6.4% in July 2026.
How to read it
The latest annual inflation reading is higher than the preceding month. The quarterly GDP series also shows a pickup from the preceding quarter, providing economic context alongside the policy change.
Counter-evidence
The unemployment rate was unchanged from the preceding month. The different indicators cover different periods and should not be read as a simultaneous acceleration.
Scope and limitations
This comparison uses the euro area with its current country grouping and the current HICP classification. Older datasets may use a different coverage or classification.