FX.co ★ ECB Holds Marginal Lending Facility Rate Steady at 2.90%

The European Central Bank has kept its Marginal Lending Facility rate unchanged at 2.90%, according to data updated on 29 October 2026. The rate, which serves as the overnight lending rate for euro area banks, remains at the same level as the previous reading.

The decision to hold the rate at 2.90% suggests a continued wait-and-see approach by the ECB, with no additional tightening or easing signaled through this particular policy tool. Market participants and analysts will now look to upcoming ECB communications for further indications of the broader monetary policy trajectory in the euro zone.