The European Central Bank (ECB) cut its interest rate on deposit facilities in June 2024 for the first time since 2022. TheĀ interest rate on deposit facilities fluctuated significantly between 2008 and 2024. From September 2019 onwards, the rate was increased regularly. On September 20, 2023, the ECB's interest rate on deposit facilities was increased to four percent, the highest rate in the observed period.
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024
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ECB. (June 6, 2024). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph]. In Statista. Retrieved July 22, 2024, 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. June 6, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. (2024). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024. Statista. Statista Inc.. Accessed: July 22, 2024. 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., 6 Jun 2024, 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 July 22, 2024)
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph], ECB, June 6, 2024. [Online]. Available: https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/