European Central Bank interest rates

The ECB´s interest rates determine the European Central Bank’s monetary policy stance.

ECB´s official interest rates are the minimum bid rate on the main refinancing operations, the rate on the marginal lending facility and the interest rate on the deposit facility.

The main refinancing operations are conducted as variable-rate tenders and the subsequent consequences will have an effect on the whole of the operations carried out by banks.

Banco de España also publishes these interest ratesAbre en ventana nueva.

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