欧洲中央银行治理委员会于2026年7月23日决定维持三项关键ECB利率不变[1]。其中，存款便利利率、主要再融资操作利率、边际借贷利率分别保持在2.25%、2.40%和2.65%[1]。
治理委员会表示，将继续以可测量且可预测的步伐推进APP和PEPP投资组合的下降，同时欧洲货币体系不再对到期证券的本金进行再投资[1]。
面对中东冲突引发的能源价格波动，ECB密切监测其通胀影响[1]。尽管能源价格前景高度波动，但总体接近6月欧洲货币系统工作人员的预测基线，远高于中东冲突前的水平[1]。
治理委员会致力于制定货币政策，确保通胀在中期稳定在2%目标水平[1]，并承诺采取数据依赖型政策应对当前经济形势[1]。
The Governing Council of the European Central Bank maintained its three key policy rates unchanged on July 23, 2026 [1]. The deposit facility rate, main refinancing operation rate, and marginal lending rate were held at 2.25%, 2.40%, and 2.65% respectively [1].
The ECB remains committed to ensuring inflation stabilizes at the 2% target over the medium term through data-dependent monetary policy [1]. The central bank continues to monitor energy price shocks stemming from Middle East conflicts and their potential inflationary effects [1]. While energy price prospects remain highly volatile, current levels are close to the baseline projection issued by ECB staff in June, though substantially above pre-conflict levels [1].
The APP and PEPP investment portfolios will continue to decline at a measurable and predictable pace, with the Eurosystem no longer reinvesting principal payments from maturing securities [1].