FX.co ★ ECB Leaves Marginal Lending Facility Rate Unchanged at 2.65%

The European Central Bank has maintained its Marginal Lending Facility rate at 2.65% for the Euro Zone, with the latest data update recorded on 23 July 2026. The rate remains unchanged from the previous level of 2.65%, signaling policy continuity on this specific short-term lending instrument.

The Marginal Lending Facility rate serves as the ECB’s overnight lending rate to banks, effectively acting as a ceiling for very short-term money market rates. By keeping this rate steady, the ECB indicates no immediate shift in its stance on emergency liquidity costs for financial institutions, even as markets continue to watch for any broader changes in the Euro Zone’s monetary policy framework.