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1 hour ago | Euro

European Union. Deposit Facility Rate. The value of the indicator has increased from 2% to 2.25%

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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.

An increase of the indicator value may contribute to the rise in quotes of EUR.

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