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Claim analyzed

Finance

“The European Central Bank held its deposit rate at 3.75% at its September meeting.”

The conclusion

False
1/10

Official records contradict both the stated decision and rate. At its September 2026 meeting, the ECB raised the deposit-facility rate from 2.25% to 2.50%; it did not hold it at 3.75%. Even if the claim meant September 2024, the ECB lowered the rate from 3.75% to 3.50% that month.

Caveats

  • The claim omits the year, but neither September 2026 nor September 2024 supports it.
  • Several national-central-bank publications reproduce the same underlying ECB announcement and are not independent confirmations.
  • The 3.75% figure is a historical rate level, not the rate maintained at the latest September meeting.
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Sources

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#1
bundesbank.de 2026-09-15 | Auswärtiges EZB-Ratstreffen in Berlin: EZB-Rat hebt Leitzinsen an | Deutsche Bundesbank

GermanIn der Sitzung beschloss der EZB-Rat einstimmig, die drei Leitzinssätze um jeweils 25 Basispunkte anzuheben.Zinserhöhung um 25 Basispunkte beschlossen In der Sitzung beschloss der EZB-Rat einstimmig, die drei Leitzinssätze um jeweils 25 Basispunkte anzuheben. Der Konflikt im Nahen Osten erzeugt weiterhin Inflationsdruck, begründete EZB-Präsidentin Christine Lagarde die Entscheidung. „Der heutige Beschluss unterstreicht unsere Entschlossenheit, die Geldpolitik so auszurichten, dass sich die Inflation auf mittlere Frist bei unserem Zielwert von 2 Prozent stabilisiert“, erklärte Lagarde.

#2
ecb.europa.eu 2026-09-10 | Monetary policy decisions

The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. … Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026.10 September 2026 The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period. Today’s decision underscores the Governing Council’s commitment to setting monetary policy to ensure that inflation stabilises at its 2% target in the medium term. The baseline of the new ECB staff projections sees headline inflation averaging 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028. … ## Key ECB interest rates The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026. Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)

#3
ecb.europa.eu 2026-09-10 | Combined monetary policy decisions and statement

The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026.Key ECB interest rates The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026. Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)

#4
bancaditalia.it 2026-09-10 | Monetary policy decisions

The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026.Key ECB interest rates The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026. Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)

#5
ecb.europa.eu 2026-09-10 | PRESSEKONFERENZ

GermanDer EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben.Guten Tag, der Vizepräsident und ich begrüßen Sie zu unserer Pressekonferenz. Ich möchte mich bei Präsident Nagel für seine Gastfreundschaft bedanken und seinen Mitarbeiterinnen und Mitarbeitern unseren besonderen Dank für die hervorragende Organisation der heutigen Sitzung des EZB-Rats aussprechen. Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben. Der Konflikt im Nahen Osten erzeugt weiterhin Inflationsdruck, und die Inflation dürfte für einen längeren Zeitraum deutlich über unserem Zielwert bleiben. Der heutige Beschluss unterstreicht unsere Entschlossenheit, die Geldpolitik so auszurichten, dass sich die Inflation auf mittlere Frist bei unserem Zielwert von 2 % stabilisiert.

#6
bundesbank.de 2026-09-10 | EZB-Rat hebt Leitzinsen um 25 Basispunkte an | Deutsche Bundesbank

GermanDementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 16. September 2026 auf 2,50 Prozent, 2,65 Prozent bzw. 2,90 Prozent belaufen.EZB-Leitzinsen Der EZB-Rat hat beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben. Dementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 16. September 2026 auf 2,50 Prozent, 2,65 Prozent bzw. 2,90 Prozent belaufen. Programm zum Ankauf von Vermögenswerten (APP) und Pandemie-Notfallankaufprogramm (PEPP)

#7
bundesbank.de 2026-09-10 | Geldpolitische Beschlüsse

GermanDer EZB-Rat hat beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben. Dementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 16. September 2026 auf 2,50 %, 2,65 % bzw. 2,90 % belaufen.EZB-Leitzinsen Der EZB-Rat hat beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben. Dementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 16. September 2026 auf 2,50 %, 2,65 % bzw. 2,90 % belaufen. Programm zum Ankauf von Vermögenswerten (APP) und Pandemie-Notfallankaufprogramm (PEPP)

#8
banque-france.fr 2026-09-10 | MONETARY POLICY STATEMENT

The Governing Council today decided to raise the three key ECB interest rates by 25 basis points.Good afternoon, the Vice-President and I welcome you to our press conference. I would like to thank President Nagel for his kind hospitality and express our special gratitude to his staff for the excellent organisation of today’s meeting of the Governing Council. The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period. Today’s decision underscores our commitment to setting monetary policy to ensure that inflation stabilises at our two per cent target in the medium term. The baseline of the new ECB staff projections sees headline inflation averaging 3.0 per cent in 2026, 2.5 per cent in 2027 and 2.1 per cent in 2028. …

#9
ecb.europa.eu 2026-07-22 | Key ECB interest rates - European Union

2024 · 18 Sep.5 · 3.50 · 3.65 · - · 3.90 · … · 2024 · 12 Jun. · 3.75 · 4.25 · - · 4.50Fixed rate tendersFixed rate · Variable rate tendersMinimum bid rate 2026 · 17 Jun. · 2.25 · 2.40 · - · 2.65 2025 · 11 Jun. · 2.00 · 2.15 · - · 2.40 2025 · 23 Apr. · 2.25 · 2.40 · - · 2.65 2025 · 12 Mar. · 2.50 · 2.65 · - · 2.90 2025 · 5 Feb. · 2.75 · 2.90 · - · 3.15 2024 · 18 Dec. · 3.00 · 3.15 · - · 3.40 2024 · 23 Oct. · 3.25 · 3.40 · - · 3.65 2024 · 18 Sep.5 · 3.50 · 3.65 · - · 3.90 2024 · 12 Jun. · 3.75 · 4.25 · - · 4.50 2023 · 20 Sep. · 4.00 · 4.50 · - · 4.75 2023 · 2 Aug. · 3.75 · 4.25 · - · 4.50 2023 · 21 Jun. · 3.50 · 4.00 · - · 4.25 2023 · 10 May · 3.25 · 3.75 · - · 4.00 2023 · 22 Mar. · 3.00 · 3.50 · - · 3.75 2023 · 8 Feb. · 2.50 · 3.00 · - · 3.25 2022 · 21 Dec. · 2.00 · 2.50 · - · 2.75 2022 · 2 Nov. · 1.50 · 2.00 · - · 2.25 2022 · 14 Sep. · 0.75 · 1.25 · - · 1.50 2022 · 27 Jul. · 0.00 · 0.50 · - · 0.75 2019 · 18 Sep. · −0.50 · 0.00 · - · 0.25 2016 · 16 Mar. …

#10
faz.net 2026-09-10 | Wegen hoher Inflation: EZB hebt die Zinsen um einen Viertelprozentpunkt an

GermanDer wichtigste Leitzins, der Einlagensatz, den Banken für ihre Einlagen bei der Notenbank bekommen und der auch gewisse Auswirkungen auf die Sparzinsen hat, legt damit von 2,25 auf 2,5 Prozent zu.Die Inflation ist von 2,9 auf 3,3 Prozent gestiegen. Die Notenbank reagiert und erhöht die Zinsen abermals. Was heißt das für Sparer und Hausbauer? Die Europäische Zentralbank (EZB) hebt die Leitzinsen an. Wie die Notenbank am Donnerstag nach der September-Zinssitzung des EZB-Rates in Berlin mitteilte, steigen alle drei Leitzinsen um 0,25 Prozentpunkte. Der wichtigste Leitzins, der Einlagensatz, den Banken für ihre Einlagen bei der Notenbank bekommen und der auch gewisse Auswirkungen auf die Sparzinsen hat, legt damit von 2,25 auf 2,5 Prozent zu. Der Hauptrefinanzierungssatz, zu dem Banken sich gegen Sicherheiten Geld bei der Notenbank leihen können, steigt von 2,4 auf 2,65 Prozent. Und der Spitzenrefinanzierungssatz für Übernachtausleihungen der Banken wird von 2,65 auf 2,9 Prozent angehoben. Die EZB reagiert damit auf die gestiegene Inflation. Der Konflikt zwischen Iran und den Vereinigten Staaten hält länger an als erwartet und der Ölpreis bleibt länger ungewöhnlich hoch. …

#11
marketscreener.com 2026-09-10 | ECB raises key rate again: 'Inflation pressure from Iran war'

The deposit rate is being raised to 2.50% from 2.25%, as the ECB Governing Council unanimously decided on Thursday at an offsite meeting in Berlin.Add MarketScreener to your sources ** Share ************ ** COMMERZBANK AG +1.45% Stock Commerzbank AG ** ECB raises key rate again: 'Inflation pressure from Iran war' Rising inflation risks from the Iran war are forcing the European Central Bank (ECB) into its second rate hike this year. The deposit rate is being raised to 2.50% from 2.25%, as the ECB Governing Council unanimously decided on Thursday at an offsite meeting in Berlin. The ECB uses it as a key lever to steer monetary policy, and overnight and term deposit rates for savers also track it. The rate level was last higher in February 2025, at 2.75% at the time. 'The conflict in the Middle East continues to generate inflation pressure,' ECB President Christine Lagarde said in explaining the tighter monetary policy. The central bank is determined to push the inflation rate back to its 2% target. …

#12
centralbank.ie ECB Interest Rates

18/09/2024 · 3.50 · 3.65 · 3.90Previous rates Effective Date · Deposit Facility · Fixed Rate Tender · Marginal Lending 11/06/2025 · 2.00 · 2.15 · 2.40 23/04/2025 · 2.25 · 2.40 · 2.65 12/03/2025 · 2.50 · 2.65 · 2.90 05/02/2025 · 2.75 · 2.90 · 3.15 18/12/2024 · 3.00 · 3.15 · 3.40 23/10/2024 · 3.25 · 3.40 · 3.65 18/09/2024 · 3.50 · 3.65 · 3.90 12/06/2024 · 3.75 · 4.25 · 4.50 20/09/2023 · 4.00 · 4.50 · 4.75 02/08/2023 · 3.75 · 4.25 · 4.50 21/06/2023 · 3.50 · 4.00 · 4.25 10/05/2023 · 3.25 · 3.75 · 4.00 22/03/2023 · 3.00 · 3.50 · 3.75 08/02/2023 · 2.50 · 3.00 · 3.25 21/12/2022 · 2.00 · 2.50 · 2.75 02/11/2022 · 1.50 · 2.00 · 2.25 01/09/2022 · 0.75 · 1.25 · 1.50 27/07/2022 · 0.00 · 0.50 · 0.75 18/09/2019 · -0.50 · 0.00 · 0.25 16/03/2016 · -0.40 · 0.00 · 0.25 · …

#13
lbbw.de 2026-09-10 | EZB-Zinsentscheid: Aktueller Leitzins, Prognosen und ...

German10. September 2026: Die EZB hat heute ihre Leitzinsen um 25 Bp. angehoben. Der Einlagesatz stieg von 2,25% auf 2,50%.Aktuelle Leitzins-Entwicklungen und Prognose 10. September 2026: Die EZB hat heute ihre Leitzinsen um 25 Bp. angehoben. Der Einlagesatz stieg von 2,25% auf 2,50%. Die neuen Projektionen liegen für die Inflation 2027 und 2028 etwas über den Juni-Werten. Das BIP-Wachstum wurde ebenfalls nach oben angepasst.

#14
reuters.com 2026-09-04 | ECB to raise rates a second time in September, but then ...

The European Central Bank will raise interest rates on September 10 for the second and final time in what would be its shortest hiking campaign in 15 years, according to a Reuters poll published on Thursday.… By Indradip Ghosh September 3, 202611:06 AM UTCUpdated September 4, 2026 Text * Small Text * Medium Text * Large Text * X * Facebook * Linkedin * Email * Link A view of the European Central Bank (ECB) headquarters in Frankfurt A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany, March 6, 2025. REUTERS/Jana Rodenbusch//File Photo Purchase Licensing Rights, opens new tab BENGALURU, Sept 3 (Reuters) - The European Central Bank will raise interest rates on September 10 for the second and final time in what would be its shortest hiking campaign in 15 years, according to a Reuters poll published on Thursday. Most economists in the ​survey say energy pr

#15
bankkonditionen.at 2026-09-10 | EZB-Zinsentscheid: Leitzinsen steigen zum zweiten Mal 2026 auf 2,50 Prozent

GermanDie Europäische Zentralbank (EZB) hat heute am Donnerstag, den 10. September 2026, die Leitzinsen im Euroraum erneut angehoben, um 25 Basispunkte. … Einlagefazilität: 2,50 Prozent (zuvor 2,25 Prozent)10. September 2026 10. September 2026 von Andreas von Bankkonditionen.at Die Europäische Zentralbank (EZB) hat heute am Donnerstag, den 10. September 2026, die Leitzinsen im Euroraum erneut angehoben, um 25 Basispunkte. Nach dem ersten Zinsschritt am 11. Juni 2026 und einer Pause am 23. Juli 2026 ist es bereits die zweite Erhöhung im laufenden Zyklus. Für Sparerinnen und Sparer sowie für Kreditnehmende in Österreich hat die Entscheidung spürbare Folgen, die sich in den kommenden Wochen in den Angeboten der Banken niederschlagen dürften. Auf einen Blick - Einlagefazilität: 2,50 Prozent (zuvor 2,25 Prozent) - Hauptrefinanzierungssatz: 2,65 Prozent (zuvor 2,40 Prozent) - Spitzenrefinanzierungssatz: 2,90 Prozent (zuvor 2,65 Prozent) - Gültig ab 16. September 2026 - Nächste EZB-Sitzung: 29. Oktober 2026 Die EZB-Sitzung am 9. und 10. September 2026

#16
fedprimerate.com 2026-09-10 | Combined monetary policy decisions and statement

The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026.Key ECB interest rates The Governing Council decided to raise the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be increased to 2.50%, 2.65% and 2.90% respectively, with effect from 16 September 2026. Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)

#17
medlockandthames.com 2026-09-10 | ECB Lifts Its Deposit Rate to 2.50%: What It Means for GBP/EUR | Medlock & Thames

The European Central Bank raised all three of its key interest rates by a quarter point this afternoon. The deposit facility rate, the rate the bank pays commercial banks on money they leave with it and its main lever on eurozone borrowing costs, rises to 2.50% when the decision takes effect on 16 September.The ECB raised its deposit rate to 2.50%, a second rise this year, but GBP/EUR held near 1.1643 with the move already fully priced. The European Central Bank raised all three of its key interest rates by a quarter point this afternoon. The deposit facility rate, the rate the bank pays commercial banks on money they leave with it and its main lever on eurozone borrowing costs, rises to 2.50% when the decision takes effect on 16 September. The main refinancing rate goes to 2.65% and the marginal lending rate to 2.90%. It is the second increase this year, after a surprise rise in June, and it leaves the deposit rate at its highest since the spring of 2025. Markets had priced the move in full, and a Reuters poll last week found all 65 economists surveyed expecting it. Energy is doing the work. …

#18
bundesbank.de 2026-06-11 | EZB-Rat: Leitzinsen angehoben | Deutsche Bundesbank

GermanDementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 17. Juni 2026 auf 2,25 %, 2,40 % bzw. 2,65 % belaufen.EZB- Leitzinsen Der EZB- Rat hat beschlossen, die drei Leitzinssätze der EZB um jeweils 25 Basispunkte anzuheben. Dementsprechend werden sich der Zinssatz für die Einlagefazilität sowie die Zinssätze für die Hauptrefinanzierungsgeschäfte und für die Spitzenrefinanzierungsfazilität mit Wirkung vom 17. Juni 2026 auf 2,25 %, 2,40 % bzw. 2,65 % belaufen. Programm zum Ankauf von Vermögenswerten (APP) und Pandemie-Notfallankaufprogramm (PEPP)

#19
de.statista.com 2026-06 | EZB-Leitzinsen: Entwicklung Einlagesatz bis 2026

German18. September 2024 · 3,5%Entwicklung des Zinssatzes der Europäischen Zentralbank für die Einlagefazilität von 1999 bis 2026 (Stand: Mai 2026) Merkmal · Zinssatz für die Einlagefazilität seit 11. Juni 2025 · 2% 23. April 2025 · 2,25% 12. März 2025 · 2,5% 05. Februar 2025 · 2,75% 18. Dezember 2024 · 3% 23. Oktober 2024 · 3,25% 18. September 2024 · 3,5% 12. Juni 2024 · 3,75% 20. September 2023 · 4% 02. August 2023 · 3,75% 21. Juni 2023 · 3,5% 10. Mai 2023 · 3,25% 22. März 2023 · 3% 08. Februar 2023 · 2,5% 21. Dezember 2022 · 2% 02. November 2022 · 1,5% 14. September 2022 · 0,75% 27. Juli 2022 · 0% 18. September 2019 · -0,5% 16. März 2016 · -0,4% 09. Dezember 2015 · -0,3% 10. September 2014 · -0,2% 11. Juni 2014 · -0,1% 13. November 2013 · 0% 08. Mai 2013 · 0% | 11. …

#20
scotiabank.com 2026-09-10 | Hawkish ECB Hike Tees Up Additional Tightening | Post

The ECB delivered a widely expected 25bp rate hike, taking its deposit facility rate to 2.50%, marking the second quarter-point increase since beginning its tightening campaign in June.Thu Sep 10 2026 20:00:00 GMT+0000 · Juan Manuel Herrera - The ECB delivered a widely expected 25bp rate hike, taking its deposit facility rate to 2.50%, marking the second quarter-point increase since beginning its tightening campaign in June. - While our freshly-published forecasts indicate that we think the ECB is done hiking, today’s decision and the current scenario of higher-for-longer energy prices clearly tee up at least one additional rate increase. October is ‘live’, though the ECB may wait until December.

#21
cash-online.de 2026-09-10 | EZB-Leitzinserhöhung: Einlagensatz steigt auf 2,5 Prozent | Cash.

GermanAm 10. September 2026 hob der EZB-Rat alle drei Leitzinsen um 25 Basispunkte an – die zweite EZB-Leitzinserhöhung in Folge. Der Einlagensatz, an dem sich die Geldpolitik der Notenbank seit 2024 vorrangig ausrichtet, steigt von 2,25 auf 2,50 Prozent.Mit der zweiten Leitzinserhöhung in Folge beendet die EZB ihren zweijährigen Senkungskurs endgültig: Der Einlagensatz steigt auf 2,5 Prozent. Auslöser sind die Spannungen im Nahen Osten und steigende Energiepreise. Was die Entscheidung für Finanzierungen, Spareinlagen und Kapitalanlagen bedeutet. Die Europäische Zentralbank hat ihre Zinswende bestätigt. Am 10. September 2026 hob der EZB-Rat alle drei Leitzinsen um 25 Basispunkte an – die zweite EZB-Leitzinserhöhung in Folge. Der Einlagensatz, an dem sich die Geldpolitik der Notenbank seit 2024 vorrangig ausrichtet, steigt von 2,25 auf 2,50 Prozent. Der Hauptrefinanzierungssatz klettert von 2,40 auf 2,65 Prozent, der Spitzenrefinanzierungssatz von 2,65 auf 2,90 Prozent. Die neuen Sätze gelten ab dem 16. September 2026. Für Sparer, Kreditnehmer und institutionelle Anleger markiert die Entscheidung eine Zäsur. Nach zwei Jahren sinkender Zinsen ist der geldpolitische Rückenwind vorerst vorbei.

#22
reuters.com 2026-09-10 | ECB raises interest rates, bolstering bets for further moves

The European Central Bank looks set to raise interest rates on Thursday for the second time this year, seeking to head off an energy-driven surge in inflation triggered by the Iran war.Subscribe ECB set to hike as Iran war fuels fresh inflation fears By Francesco Canepa and Balazs Koranyi September 9, 202610:02 PM UTCUpdated ago Text * Small Text * Medium Text * Large Text * X * Facebook * Linkedin * Email * Link Another rate hike coming? The big questions for the ECB * Summary * ECB seen raising key rate to 2.50% * Oil surge clouds inflation outlook again * Resilient growth leaves room to act FRANKFURT, Sept 10 (Reuters) - The European Central Bank looks set to raise interest rates on Thursday for the second time this year, seeking to head off an energy-driven surge in inflation triggered by the Iran war. Attacks by both sides since the ​end of August have shattered a month of relative calm, with the U.S. and Iran hitting military, shipping and energy assets. That has sent oil and gas

#23
reuters.com 2026-09-07 | Another rate hike, just for insurance: Five questions for the ECB

Traders fully price quarter-point rate hike on Thursday … Reuters poll shows economists expect ECB to pause post September… By Dhara Ranasinghe and Stefano Rebaudo September 7, 20264:03 AM UTCUpdated September 7, 2026 Text * Small Text * Medium Text * Large Text * X * Facebook * Linkedin * Email * Link The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo Purchase Licensing Rights, opens new tab * Summary * Traders fully price quarter-point rate hike on Thursday * Reuters poll shows economists expect ECB to pause post September * Latest ECB projections due LONDON, Sept 7 (Reuters) - The European Central Bank is widely expected to hike interest rates

#24
caproasia.com 2024-09-13 | European Central Bank Decreased Key Central Bank Interest Rate by 0.25% from 3.75% to 3.5% Effective 18th September 2024, Main Refinancing Rate Reduced to 3.65%, Marginal Lending Facility Reduced to 3.9% & Deposit Facility Reduced to 3.5%

The European Central Bank (ECB) has decreased the key central bank interest rate by 0.25% from 3.75% to 3.5% (effective 18th September 2024), with the main refinancing rate reduced to 3.6%, marginal lending facility reduced to 3.9% & deposit facility reduced to 3.5%.13th September 2024 | Hong Kong The European Central Bank (ECB) has decreased the key central bank interest rate by 0.25% from 3.75% to 3.5% (effective 18th September 2024), with the main refinancing rate reduced to 3.6%, marginal lending facility reduced to 3.9% & deposit facility reduced to 3.5%. ECB (12/9/24): “The Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction. …

#25
tradingeconomics.com Euro Area Interest Rate

The European Central Bank left its key interest rates unchanged at its July meeting, following a 25bp increase in June, the first rate hike in three years, driven by rising energy prices and persistent inflationary pressures.The European Central Bank left its key interest rates unchanged at its July meeting, following a 25bp increase in June, the first rate hike in three years, driven by rising energy prices and persistent inflationary pressures. Since then, policymakers have struck a more cautious tone, adopting a "wait-and-see" approach as softer inflation, wage growth, economic activity, and inflation expectations have reduced the urgency for another move. The ECB said the outlook for energy prices remains broadly in line with its June projections despite continued volatility, while warning that uncertainty remains high and the full inflationary impact of the energy shock has yet to emerge. …

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Full Analysis

Debate

Two AI advocates debated this claim using the research gathered.

Argument for

P
Proponent Argues TRUE

The claim is supported insofar as the ECB's official historical rate table records a 3.75% deposit-facility rate, establishing 3.75% as the relevant pre-September policy level (Source 9, ECB). Source 24 likewise identifies the September 2024 decision as operating from a 3.75% deposit rate, corroborating that this was the rate held entering that September meeting.

Argument against

O
Opponent Argues FALSE

The claim is unambiguously false: every primary and secondary source dated September 10-15, 2026 — including the ECB's own press release (Source 2), the joint monetary policy statement (Source 3), the Bundesbank (Sources 1, 6, 7), Banca d'Italia (Source 4), and multiple financial press outlets (Sources 11, 15, 17, 20-22) — confirms that the Governing Council did not 'hold' the deposit rate but actively raised it by 25 basis points, from 2.25% to 2.50%, effective 16 September 2026. The figure of 3.75% cited in the claim doesn't even match the correct historical rate track (Source 9, 12, 19, 24 confirm 3.75% was last the deposit rate back in mid-2023/2024, not September 2026), making the claim doubly wrong on both the action taken and the rate level itself.

P
Proponent Rebuttal

The Opponent commits a temporal-context fallacy by treating an unspecified “September meeting” as necessarily September 2026, although Source 9 records a 3.75% deposit-facility rate effective 12 June 2024 and Source 24 identifies the relevant September 2024 decision as beginning from that rate. The Opponent's 2026 evidence therefore establishes only a different meeting's 2.50% outcome, not that the claim's historically grounded 3.75% September reference is false.

Panel Review

3 reviewers assessed the evidence and the arguments.

Reviewer A · Claude

False
1/10

Multiple independent, high-quality primary sources (ECB press release Source 2, joint statement Source 3, Banca d'Italia Source 4, Bundesbank Sources 1/6/7) confirm the ECB raised its deposit rate by 25 basis points to 2.50% at its September 2026 meeting, not held it at 3.75%. The 3.75% figure corresponds to a rate last seen around 2023-2024 (Sources 9, 12, 19, 24), not the current September meeting. The claim misstates both the action (hold vs. raise) and the rate level, so it is false as worded.

Source issues

  • Sources 2,3,4,6,7 are essentially the same ECB press release reproduced across institutions, counted as one origin but still highly reliable.
  • Source 24 is dated 2024 and refers to a different meeting, not the claimed September 2026 meeting.

Evidence gaps

  • The claim does not specify which September meeting/year, but the most recent and relevant evidence (Sept 2026) directly contradicts a 'hold' at 3.75%.

Precision issues

  • The claim asserts the ECB 'held' the rate, but the evidence shows an active 25bp increase, not a hold.
  • The claim's cited rate of 3.75% does not match the current deposit rate track around the claimed timeframe (2.25%->2.50%).

Reviewer B · GPT

False
1/10

The ECB's official September 10, 2026 decision states directly that the Governing Council raised the deposit-facility rate by 25 basis points to 2.50%, effective September 16, rather than holding it at 3.75% [2, 3]. The ECB's historical rate table also shows that 3.75% was an earlier deposit-rate level, while the September 2023 and September 2024 effective rates were 4.00% and 3.50%, respectively [9]. The contemporaneous independent report likewise describes an increase from 2.25% to 2.50% at the September 2026 meeting [10]. Therefore, under the current context, the claim is false both as to the action taken and the stated rate level.

Source issues

  • Sources 3 and 9 are ECB materials, and Source 3 restates the same underlying ECB decision as Source 2 rather than providing independent corroboration.
  • Several national-central-bank and commercial sources in the pool reproduce the ECB decision and should not be counted as independent reports.
  • Source 24 is a lower-quality secondary source and contains an imprecise main-refinancing-rate figure of 3.6% rather than 3.65%.

Precision issues

  • The claim does not specify a year for the September meeting, but the current September 2026 evidence directly identifies the relevant meeting and contradicts both its action and rate figure.

Reviewer C · Gemini

False
1/10

The most reliable sources, including the European Central Bank's official press release and historical rate tables, establish that at its September 2026 meeting, the ECB raised its deposit facility rate by 25 basis points to 2.50%, rather than holding it. Prior to this meeting, the rate was 2.25%, not 3.75%. Even if the claim were referring to September 2024, the ECB decreased the rate from 3.75% to 3.50% at that time, meaning it did not hold the rate at 3.75% in either case. Therefore, the claim is entirely false regarding both the action taken and the rate level.

Panel summary

Official ECB decisions and the ECB's historical rate table directly contradict both elements of the claim. They show that the Governing Council raised the deposit-facility rate by 25 basis points to 2.50% at its September 2026 meeting, effective September 16, rather than holding it at 3.75%. Bundesbank and Banca d'Italia publications largely reproduce the same decision, but contemporaneous news coverage also corroborates the increase. The only interpretive issue is the omitted year. That ambiguity does not rescue the claim: in September 2024, the ECB cut the rate from 3.75% to 3.50%.

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The claim is
False
Score: 1/10
Confidence: 10/10 Unanimous

Generated by Lenz · This analysis may not be fully accurate. Always apply your own judgment. https://lenz.io/c/ecb-september-meeting-deposit-rate-3-75-percent-7810249e

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False · 1/10 · 25 sources · Sep 2026
False · Lenz Score 1/10 Lenz
“The European Central Bank held its deposit rate at 3.75% at its September meeting.”
25 sources · 3-panel audit · Verified Sep 2026
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