Ireland Policy interest rate
Ireland Policy interest rate is 2.25 percent, in force since 17 Jun 2026. It was 2 percent before that. Last checked against the official source on 11 Sep 2026.
ECB deposit facility rate — the euro area policy rate that applies to Ireland. The Central Bank of Ireland is a Eurosystem national central bank and sets no independent policy rate.
Compare policy interest rate across all 34 European countries →
| Current value | 2.25 percent |
|---|---|
| In force from | 2026-06-17 |
| Official source | European Central Bank, Key ECB interest rates (official rate table) — Governing Council monetary policy decision effective from 17 June 2026 |
| Last verified | 2026-09-11 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
STRUCTURAL: Ireland has no national policy rate. The Central Bank of Ireland (Banc Ceannais na hÉireann) is part of the Eurosystem; the ECB Governing Council sets a single rate for all 20 euro area members and the CBI implements it domestically. The DEPOSIT FACILITY RATE is served here because, since the operational-framework change that took effect in September 2024, the DFR is the ECB's de facto steering rate for short-term money market rates (€STR). The official ECB key-rates table was re-loaded and re-read on 2026-07-22 and still shows, with effect from 17 June 2026: deposit facility 2.25%, main refinancing operations 2.40%, marginal lending facility 2.65%. NO ECB MOVE SINCE — the 17 June 2026 row remains the most recent row on the table as at 2026-07-22, so 2.25% is the rate in force today and the existing euro-area country files are NOT stale. This value and effective_from MUST be identical to the DE, FR, IT, ES and NL files by construction; any divergence between euro-area country files is a data error, not a real difference. Do not confuse the DFR with the MRO rate (2.40%) — Irish statutory and contractual references to 'the ECB rate' vary: for example the interest rate on late payment in commercial transactions under S.I. No. 580 of 2012 (European Communities (Late Payment in Commercial Transactions) Regulations 2012) is built on the ECB MAIN REFINANCING rate plus a margin, not on the DFR. Effective dates follow the settlement of the first main refinancing operation after the decision, not the decision date, which is why announcement dates and effective dates differ by roughly a week. ECB UPDATE (verified 2026-08-22): the Governing Council HELD on 23-24 July 2026 - deposit facility 2.25%, MRO 2.40%, marginal lending 2.65%, all unchanged and in effect since 17 June 2026 ('decided to keep the three key ECB interest rates unchanged'). Next monetary-policy meeting: 9-10 September 2026 (Berlin; decision 14:15 CET on the 10th), then 28-29 Oct and 16-17 Dec. A change takes effect from the start of the following reserve maintenance period - this series uses the EFFECTIVE date.
Earlier values
| From | Value | Source |
|---|---|---|
| 2025-06-11 | 2 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2025-04-23 | 2.25 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2025-03-12 | 2.5 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2025-02-05 | 2.75 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2024-12-18 | 3 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2024-10-23 | 3.25 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2024-09-18 | 3.5 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2024-06-12 | 3.75 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2023-09-20 | 4 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2023-08-02 | 3.75 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2023-06-21 | 3.5 | European Central Bank - key ECB interest rates, DEPOSIT… |
| 2023-05-10 | 3.25 | European Central Bank - key ECB interest rates, DEPOSIT… |
Get it programmatically
curl https://euroref.dev/v1/ie/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/ie/policy-rate/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/ie/policy-rateOther Ireland series: Value added tax (VAT / Cáin Bhreisluacha) · National Minimum Wage (Íosphá Náisiúnta) · Public holidays · Consumer price inflation (CPI, year-on-year) · Corporation tax · Withholding tax rates · Personal income tax (income tax rate bands) · Statutory social-insurance contributions · ECB main refinancing operations rate (fixed rate) · Late-payment interest (EU Late Payment Directive) · Statutory interest on judgment debts (Courts Act rate) · VAT registration threshold
The same figure elsewhere: Italy · Latvia · Lithuania · Luxembourg · Malta · all 34