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ECB

Central banks

Deposit rate
2.50%
3M 6M 1Y 5Y 10Y ALL
History
FirstLast
Deposit rate %-0.402.50
10Y %0.363.37
History % Deposit rate: -0.40 to 2.50 % 10Y: 0.36 to 3.37 % Nov 14, 16 Nov 14, 26

Government yields sit above the ECB deposit rate

In plain words

The ECB deposit rate is 2.5 percent, and government bonds pay more the longer they run. People watch this gap to see what investors expect interest rates to do next.

Where it sits

Deposit rate Low 2.00Now 2.50High 2.50
10Y Low 2.73Now 3.37High 3.63

One-year low to high. Drawn from the data, not by AI.

There is more in this note

What it means if this rises or falls, cause and effect, how it works, the words to know and what to watch next.

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Written by AI from the numbers on this page. Not advice.

Policy rate

Deposit rate 2.50% -
Last changed 2026-09-16 -
Last change 25bps -
3-month change 25bps -
6-month change 50bps -
12-month change 50bps -

Government yields

3M 2.64% +2
1Y 2.96% +2
2Y 3.08% +3
5Y 3.13% +3
10Y 3.37% +3
30Y 3.62% +2

Against policy

2Y - Deposit rate 58bps -

Leads to

ECB

1 / 5

Rates in Europe

How does the European Central Bank's deposit rate compare with euro area government bond yields (interest rates)?

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