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# ECB Holds Deposit Rate at 2.00% in July 2025, Pausing After Eight Cuts Since June 2024
- URL: https://www.theglobalbanker.com/ecb-holds-deposit-rate-2-percent-july-2025-pausing-eight-consecutive-cuts/
- Published: 2025-07-24T12:30:00.000Z
- Updated: 2026-10-02T14:34:46.000Z
- Description: The European Central Bank kept its deposit facility rate at 2.00% on 24 July 2025, its first pause after seven consecutive reductions and eight cuts since June 2024.
- Author: TGB Editorial Team
- Tags: Central Banks, Europe, #archive

The European Central Bank held its deposit facility rate at 2.00 per cent at its July 2025 monetary policy meeting, after eight rate reductions beginning in June 2024\. The decision was announced on 24 July 2025.

The deposit facility rate had been cut in successive steps over roughly twelve months. 

#### INFLATION AT TARGET

The Governing Council noted that inflation was at its 2 per cent medium-term target at the time of the July decision. 

The Governing Council declined to pre-commit to a specific future path for rates beyond the July decision.