ECB Interest Rate Statement: Guidance That Moves Markets

On September 11, 2025, the European Central Bank (ECB) will release its latest Interest Rate Statement — the carefully crafted document that often matters more than the rate decision itself. While the refinancing rate sets the immediate cost of borrowing, the statement reveals the central bank’s outlook, priorities, and intentions. For traders, it is a critical roadmap that can drive volatility across currencies, bonds, and equities.