The ECB lowered its key deposit facility rate by 25bps to 3.5% in its September 2024 meeting, in line with expectations. It follows a similar move in June, after a pause in July. Deposit Interest Rate in Euro Area averaged 1.27 percent from 1999 until 2024, reaching an all time high of 4.00 percent in September of 2023 and a record low of -0.50 percent in September of 2019. source: European Central Bank
Deposit Interest Rate In the Euro Area decreased to 3.50 percent in September from 3.75 percent in August of 2024.
See Also
Interest Rate - Countries - ListDeposit Interest Rate In the Euro Area decreased to 3.50 percent in September from 3.75 percent in August of 2024. Deposit Interest Rate in Euro Area is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Deposit Facilty Rate is projected to trend around 2.25 percent in 2025, according to our econometric models.
Euro Area Deposit Facilty Rate
The deposit facility, as a standing facility, aims to absorb overnight liquidity, signal the general stance of monetary policy and normally provides a floor for the overnight market interest rate. The deposit facility is used at overnight deposits with the national central banks.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 3.50 | 3.75 | 4.00 | -0.50 | 1999 - 2024 | percent | Monthly |
