The European Central Bank (ECB) interest rate on marginal lending facility was decreased by 0.25 basis points in June 2024, marking the first cut since 2016. The rate was changed from 0.3 percent to 0.25 percent on March 16, 2016, and has remained unchanged until July 2022, when it increased to 0.75 percent. After September 2022, the rate increased regularly. As of April 2024, the rate was 4.75 percent.
The marginal lending facility is a monetary policy instrument of the euro system that offers commercial banks the opportunity to procure, against eligible collateral and at a specified interest rate for one business day, liquidity (overnight loans) from the ECB. This permanent facility is intended to meet temporary, very short-term liquidity needs, and normally provides a ceiling for the bank call rate on the money market. The interest rate on the marginal lending facility is thus one of the key rates in the euro system.
Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
ECB. (June 6, 2024). Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/
ECB. "Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024." Chart. June 6, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/
ECB. (2024). Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/
ECB. "Fluctuation of The European Central Bank Interest Rate on The Marginal Lending Facilities from 2008 to 2024." Statista, Statista Inc., 6 Jun 2024, https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/
ECB, Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024 Statista, https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/ (last visited July 22, 2024)
Fluctuation of the European Central Bank interest rate on the marginal lending facilities from 2008 to 2024 [Graph], ECB, June 6, 2024. [Online]. Available: https://www.statista.com/statistics/275601/fluctuation-of-the-ecb-interest-rate-on-marginal-lending-facilities-since-1999/