Name: ECB Interest Rates: July 2025
Start: 2025-06-10T00:00:29.024138Z
End: 2025-07-24T12:00:00Z

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This market will resolve to the amount of basis points the upper bound of the deposit facility rate is changed by versus the level it was prior to the European Central Bank's (ECB) July 2025 meeting.

If the deposit facility rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 basis points and will resolve to the relevant bracket.
For example, if the deposit facility rate is increased or decreased by 12.5 basis points, it will be treated as a 25 basis point change for the purposes of resolution.

The resolution source for this market is information released by the European Central Bank after its July 24, 2025 policy meeting, as listed on the official ECB calendar:
https://www.ecb.europa.eu/press/calendars/mgcgc/html/index.en.html

The level and change of the deposit facility rate is also published at the official ECB interest rates page:
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html

This market may resolve as soon as the ECB releases its interest rate decision following the July 24, 2025 meeting.

If no interest rate decision or update is published by August 14, 2025, 11:59 PM ET, this market will resolve to the “No change” bracket.

50+ bps decrease

25 bps decrease

No change

Increase

ECB Rates

ECB Interest Rates: July 2025

This market will resolve to the amount of basis points the upper bound of the deposit facility rate is changed by versus the level it was prior to the European Central Bank's (ECB) April 2025 meeting.

If the deposit facility rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is information from the ECB released after its meeting scheduled for April 16-17, 2025 according to their official calendar: https://www.ecb.europa.eu/press/calendars/mgcgc/html/index.en.html

The level and change of the deposit facility rate is also published at the official website of the ECB at https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html

This market may resolve as soon as the ECB's statement for their April meeting with relevant data is issued. If no statement is released by July 24, 2025, 11:59 PM ET, this market will resolve to the "No change" bracket.

ECB Interest Rates: April 2025

This market will resolve to the amount of basis points the upper bound of the deposit facility rate is changed by versus the level it was prior to the European Central Bank's (ECB) June 2025 meeting.

If the deposit facility rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is information from the ECB released after its meeting scheduled for June 4-5, 2025 according to their official calendar: https://www.ecb.europa.eu/press/calendars/mgcgc/html/index.en.html

The level and change of the deposit facility rate is also published at the official website of the ECB at https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html

This market may resolve as soon as the ECB's statement for their June meeting with relevant data is issued. If no statement is released by July 24, 2025, 11:59 PM ET, this market will resolve to the "No change" bracket.

ECB Interest Rates: June 2025

This market will resolve to “Yes” if the upper bound of the European Central Bank's deposit facility rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the European Central Bank (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html), however a consensus of credible reporting may also be used.

ECB rate cut in 2025?

This market will resolve to the amount of basis points the target for the monetary policy rate is changed by versus the level it was prior to the Bank of Colombia's December 2025 meeting.

The resolution source for this market is information released by the Central Bank of Colombia after its December 19, 2025 policy meeting, as listed on the official Central Bank of Colombia calendar: https://www.banrep.gov.co/es/calendario-eventos

This market may resolve as soon as the Central Bank of Colombia's statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Will the Central Bank of Colombia announce no change at the December meeting?

This market will resolve to “Yes” if the upper bound of the Bank of England's Bank Rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the Bank of England (https://www.bankofengland.co.uk/), however a consensus of credible reporting may also be used.

Bank of England rate cut in 2025?

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's June 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for June 16-17, 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for their June meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Will there be no change in Fed interest rates after the June 2026 meeting?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is decreased at any point between December 16, 2025 and the completion of the Federal Open Market Committee (FOMC) meeting for June 2026, currently scheduled for June 16-17. Otherwise, this market will resolve to “No”.

If no June meeting takes place by July 7, 2026, 11:59 PM ET, and no qualifying rate cut has been announced, this market will resolve to "No". 

Emergency rate cuts will qualify.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate cut by June 2026 meeting?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2026 and the Fed's December 2026 meeting, currently scheduled for December 8-9, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate change decision following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2026?

This market will resolve according to the exact amount of cuts of 25 basis points in 2026 by the Fed (including any cuts made during the December meeting).

Emergency rate cuts outside of scheduled FOMC meetings will also count toward the total number of cuts in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.

For example, if the Fed cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each).

This market will resolve early to "No" if the specified number of cuts becomes impossible — i.e., if more cuts have already occurred than the strike in question.

Note that cuts between 1–24 bps (inclusive) will also be considered 1 rate cut.

The resolution source for this market will be FOMC statements after meetings scheduled in 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

Will 3 Fed rate cuts happen in 2026?

This is a market about the variation of consumer prices in the Eurozone over the 12-month period ending November 2025 as reported by Eurostat.

This market will resolve according to the number the Harmonised Index of Consumer Prices (HICP) increased by over the 12-month period ending November 2025 (% change) according to the monthly Eurostat report.

The resolution source for this market will be the Eurostat Harmonised Index of Consumer Prices monthly report released for November 2025, currently scheduled to be released on December 17, 2025. Resolution of this market will take place upon release of the aforementioned data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.

Market resolution will be based on the  "Euro area - 20 countries (from 2023)" figure for the "HICP - monthly data (annual rate of change)," available on the Eurostat website (https://ec.europa.eu/eurostat/databrowser/view/prc_hicp_manr/default/table?lang=en&category=prc.prc_hicp).

Note: the resolution source for this market will be the official monthly Eurostat HICP news release which reports inflation change over 12-month periods to only one decimal point (e.g. 1.9%). Thus, this is the level of precision that will be used when resolving the market. For the full release schedule, see: https://ec.europa.eu/eurostat/web/main/news/release-calendar

Will the Eurozone's annual inflation increase by ≤2.3% in November?

The FED interest rates are defined in this market by the lower or the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the lower or the upper bound of the target federal funds rate reaches the specified level at any point by December 31, 2026, 12:59 PM ET. Otherwise, this market will resolve to “No.”

Emergency rate cuts and hikes outside the regularly scheduled meetings will be considered.

The resolution source for this market is the official website of the Federal Reserve at:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the relevant data showing the reached level is published.

Will the Fed’s lower bound reach 3.25% or lower before 2027?

This is a market about the monthly variation of consumer prices in the Eurozone as reported by Eurostat.

This market will resolve according to the number the Harmonised Index of Consumer Prices (HICP) increased by in November 2025 (% change) according to the monthly Eurostat report.

The resolution source for this market will be the Eurostat Harmonised Index of Consumer Prices monthly report released for November 2025, currently scheduled to be released on December 17, 2025. Resolution of this market will take place upon release of the aforementioned data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.

Market resolution will be based on the  "Euro area - 20 countries (from 2023)" figure for the "HICP - monthly data (monthly rate of change)," available on the Eurostat website (https://ec.europa.eu/eurostat/databrowser/view/prc_hicp_mmor/default/table?lang=en&category=prc.prc_hicp). 

Note: the resolution source for this market will be the official monthly Eurostat HICP news release which reports monthly inflation change to only one decimal point (e.g. 1.9%). Thus, this is the level of precision that will be used when resolving the market. For the full release schedule, see: https://ec.europa.eu/eurostat/web/main/news/release-calendar

Will the Eurozone's monthly inflation increase by ≤0.0% in November?

This market will resolve according to the EU GDP growth rates over the same quarter of the previous year % change, based on seasonally adjusted data, in the "GDP and employment flash estimates for the fourth quarter of 2025" flash release for Q4 of 2025, scheduled for January 30, 2026.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The GDP release will be made available here: https://ec.europa.eu/eurostat/web/main/news/euro-indicators

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available quarter.

Note: data from the initial release of the referenced flash GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release of the specified report will not be considered for this market's resolution.

Will Eurozone GDP growth in Q4 2025 be between 1.0 and 1.5%?

This market will resolve to “Yes” if the Consumer Price Index (CPI) increased by greater than the listed percent over the 12 month period ending with any month in 2026 according to the monthly Bureau of Labor Statistics (BLS) reports. Otherwise, this market will resolve to "No".

The resolution source for this market will be the BLS Consumer Price Index reports released for each month of 2026 (https://www.bls.gov/bls/news-release/cpi.htm). Resolution of this market will take place upon release of the aforementioned data.

This market may not resolve to "No" until the December 2026 report is issued. Once the December 2026 report is issued, any revisions to previously released CPI figures will not be counted toward this market's resolution. If the CPI report for December 2026 is not issued by January 31, 2027, 11:59 PM ET, this market will resolve based on CPI figures which have already been made available by the BLS.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

Will inflation reach more than 3% in 2026?

This market will resolve to "Yes" if the Treasury 10-year yield is lower than the listed value for any date between February 24 and December 31, 2025. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).


Will the 10-year Treasury yield dip below 3.9% in 2025?

This market will resolve to "Yes" if the Treasury 10-year yield reaches or is higher than the listed value for any date between December 9, 2025 and March 31, 2026. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the Treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).

Will the 10-year treasury yield hit 4.3% by March 31?

This market will resolve to "Yes" if the Bureau of Labor Statistics fails to release any monthly report on the Consumer Price Index by 11:59PM ET on the scheduled release date between December 1, 2025 and December 31, 2026, 11:59PM ET. Otherwise, this market will resolve to "No".

If an announcement is made by the White House or the BLS that the monthly CPI release will be delayed or cancelled altogether, this market will immediately resolve to "Yes".

The resolution source for this market will be information from the BLS or a consensus of credible reporting. 

BLS delays another CPI release before 2027?

This market will resolve according to the German GDP growth rates over the same quarter of the previous year % change, based on seasonally adjusted data, in the first release of the "Gross domestic product: detailed economic performance results" press release for Q4 of 2025, expected to be released at the end of January 2026.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The GDP release will be made available here: https://www.destatis.de/EN/Themes/Economy/National-Accounts-Domestic-Product/_node.html

If no data for the specified quarter is released by March 31, 2026, 11:59 PM CET, this market will resolve based on data from the last available quarter.

Note: the resolution source for this market reports "on the same quarter a year earlier (price adjusted)" to only one decimal point (e.g. 0.3%). Thus, this is the level of precision that will be used when resolving the market.

Note: data from the initial release of the referenced flash GDP report is what will be used to resolve this market. Data may be revised during the following quarter, or as a part of the next estimate's publication; however, any revisions to GDP report data made after the initial release of the specified report will not be considered for this market's resolution.

Will Germany GDP growth in Q4 2025 be exactly 0.2%?

This market will resolve to "Yes" if Ursula Von der Leyen ceases to be President of the European Commission for any length of time between May 14 and December 31, 2025, 11:59 PM ET (inclusive). Otherwise, this market will resolve to "No".

If Von der Leyen departs from office before the expiry date, the market should resolve immediately.

The primary resolution source for this market will be information from the European Commission, however a consensus of credible reporting will also be used.

Von der Leyen out in 2025?

This market will resolve to “Yes” if the European Union (EU) dissolves by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The European Union will be considered to be dissolved if any of the following conditions are met:

1) More than half of the EU member states (as of market creation) formally withdraw from the EU.

2) An official treaty or agreement is adopted between all EU member states to repeal or nullify the Treaty on European Union or the Treaty on the Functioning of the European Union.
 
3) The European Union otherwise ceases to exist as a legal entity.

EU member states will be considered to have withdrawn once they officially initiate their withdrawal and/or formally notify the European Council of their intention to withdraw, regardless of whether the withdrawal is finalized after this market’s timeframe.

The primary resolution source for this market will be official information from the European Union and EU member states; however, a consensus of credible reporting may also be used.

EU dissolves before 2027?

This market will resolve to "Yes" if Jerome Powell serves any time in custody in a federal, state, or local U.S. jail or prison between July 22 (inclusive) and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Jerome Powell in jail in 2025

The CDC reported a general fertility rate of 53.7 births per 1,000 women aged 15–44 for Q2 2025 (see: https://www.cdc.gov/nchs/nvss/vsrr/natality-dashboard.htm). 

This market will resolve to "Yes" if the initial reported rate for Q3 2025 exceeds 53.7, according to the CDC's Vital Statistics Rapid Release series. Otherwise, this market will resolve to "No". 

If the CDC does not release general fertility rate data for Q3 2025 by March 31, 2026, 11:59 PM ET, this market will resolve to "No".

Resolution will be based on the first published estimate for Q3 2025, regardless of any subsequent revisions.

The resolution source will be the CDC’s Vital Statistics Rapid Release.

ECB Interest Rates: July 2025

50+ bps decrease
$114,861 Vol.
No

25 bps decrease
$258,526 Vol.
No

No change
$480,242 Vol.
Yes

Increase
$98,901 Vol.
No

Market Context

ECB Interest Rates: July 2025

Rules

ECB Interest Rates: July 2025

Market Context

ECB Interest Rates: July 2025

About

Related

ECB Interest Rates: July 2025

50+ bps decrease$114,861 Vol.Nocircle xmark

25 bps decrease$258,526 Vol.Nocircle xmark

No change$480,242 Vol.Yescircle check

Increase$98,901 Vol.Nocircle xmark

Market Context

ECB Interest Rates: July 2025

Rules

ECB Interest Rates: July 2025

Market Context

ECB Interest Rates: July 2025

About

Related

50+ bps decrease
$114,861 Vol.
No

25 bps decrease
$258,526 Vol.
No

No change
$480,242 Vol.
Yes

Increase
$98,901 Vol.
No