The Governing Council of the ECB sets the key interest rates for the euro area. These are as follows: Deposit facility: The rate on the deposit facility, which banks may use to make overnight

22 hours ago · The average interest rate on new loans to firms declined to 4.5 per cent in November, while the cost of issuing market-based debt remained at 3.6 per cent. The average rate on new mortgages edged down to 3.5 per cent. Growth in bank lending to firms rose to 1.5 per cent in December, up from 1.0 per cent in November, amid a strong monthly flow.

23 hours ago · The European Central Bank cut interest rates on Thursday, for the fifth consecutive time, amid slowing growth in the region’s economy. Policymakers lowered the bank’s key rate a quarter point ...

21 hours ago · The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to ...

Dec 18, 2024 · The Governing Council of the ECB sets the key interest rates for the euro area. These are the interest rates on the main refinancing operations, the deposit facility and the marginal lending facility.

Dec 12, 2024 · Key ECB interest rates. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 3.00%, 3.15% and 3.40% respectively, with effect from 18 December 2024.

The Governing Council of the ECB sets the key interest rates for the euro area. These are the interest rates on the main refinancing operations, the deposit facility and the marginal lending facility.