The ECB's main policy rate
The rate banks earn on overnight deposits at the ECB, its effective policy rate since 2022.
The ECB has three policy rates; with the banking system awash in reserves, the deposit facility rate is the one that anchors money-market rates and is what markets mean by the ECB rate.
On this site
- ECB deposit facility rate Eurozone 2.50 % Context
- Real policy rate Eurozone 0.00 % Triggered