The Governing Council of the European Central Bank is holding a two-day meeting in Berlin on September 9–10, 2026. The session, hosted by the Deutsche Bundesbank, focuses on reviewing economic data to determine future monetary policy.

Headline inflation in the euro area rose to 3.3% in August 2026, compared to 2.9% in July. This trend moves away from the bank’s 2% target, driven by increasing energy prices and geopolitical tensions in the Middle East.

Economic growth showed a 0.6% quarter-on-quarter expansion in Q2 2026. Current key interest rates are set at 2.25% for deposit facilities, 2.40% for main refinancing operations, and 2.65% for marginal lending.

ECB President Christine Lagarde and Vice-President Boris Vujčić will host a press conference on September 10 to discuss the council's conclusions. The bank maintains a data-dependent approach to policy decisions.