After eight cuts to its deposit facility interest rate, the ECB signaled in June 2025 that its rate-cutting cycle may be nearing an end (Yahoo [Bloomberg], CNBC). As of the launch of this question, the Governing Council of the ECB's June 2026 monetary policy meeting is scheduled for 10-11 June 2026, and its most recently announced Deposit facility rate was 2.00% (ECB - Calendar, ECB - Monetary Policy Decisions 5 June 2025, ECB - Key Interest Rates). If the ECB announces a range, the question will close using the midpoint of the stated range (e.g., an announced range of 2.00% and 2.25% would close based on 2.125%). The date the change will take effect is immaterial (ECB interest rate changes generally do not take effect for approximately a week from an announced change).

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