In June 2024, the European Central Bank (ECB) lowered its deposit facility interest rate for the first time in over two years, marking a shift in its monetary policy stance. This move was followed by a gradual adjustment, with the rate reaching 3.25 percent six months later. By December 2024, the ECB implemented an additional rate cut, bringing the rate down to three percent. These reductions came after a prolonged period of steady rate increases, signaling a measured response to evolving economic conditions and a potential recalibration of its approach to support growth and stability.
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024
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ECB. (January 27, 2025). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph]. In Statista. Retrieved January 31, 2025, from https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. "Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024." Chart. January 27, 2025. Statista. Accessed January 31, 2025. https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. (2025). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024. Statista. Statista Inc.. Accessed: January 31, 2025. https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. "Fluctuation of The European Central Bank Interest Rate on Deposit Facilities from 2008 to 2024." Statista, Statista Inc., 27 Jan 2025, https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB, Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 Statista, https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/ (last visited January 31, 2025)
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph], ECB, January 27, 2025. [Online]. Available: https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
