Deposit Facility Rate

Actual value:
Currency: Euro
Country: European Union
Previous value: 4%
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The deposit interest rate is a fee paid by commercial banks for placing short-term, or overnight, deposits in the central bank. By changing the rate, the central bank can shift monetary policy towards easing or tightening, depending on its current objectives. Changes in the central bank's policy, in turn, affect employment, GDP, inflation and many other macroeconomic indicators.

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