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5 February | Euro

European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%

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A report on this calendar event is released by the European Central Bank.

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.

No change of the indicator value may reduce the volatility of the related markets.

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