ECB Interest Rate Decision, February 2026
The European Central Bank held the deposit facility rate at 2.00% on February 5, 2026, as expected.
What the ECB decided in February 2026
EUR/USD after the ECB decision, minute by minute
One-minute candles, Frankfurt time. The box is the hour before the announcement. How we measure.
- The hour beforeEUR/USD ranged 18 pips, from 1.17854 to 1.18035, and was at 1.17936 at the announcement.
- The first spike After 15 minutes price went through the hour's high and ran 17 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: +7.6 pips at 15 minutes, +27 pips at one hour, +4.7 pips at four hours.
Across 14 measured ECB decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 10 (71%), and in 6 of those price then took the other side within four hours. In the other 4 the first move held. Median move in the first 15 minutes: 15 pips.
This decision is one where the first move held. Counts include the decisions where it did not close back. All ECB dates · ECB overview.
ECB February 2026 decision: questions
What time was the ECB interest rate decision on Feb 5, 2026?
It was announced at 2:15 PM Frankfurt (8:15 AM EST New York, 1:15 PM London London), with the press conference at 2:45 PM Frankfurt.
What did the ECB decide in February 2026?
Held at 2.00% (previous 2.00%). Economists expected: hold at 2.00%, so the decision was as expected.
How did EUR/USD react to the ECB decision in February 2026?
On one-minute candles: the hour before ranged 18 pips; the first spike went above it by 17 pips; it did not close back inside within the hour; after one hour EUR/USD was +27 pips from its pre-announcement price.
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