Fluctuation of the ECB interest rate on deposit facilities 2008-2024
The European Central Bank (ECB) cut its interest rate on deposit facilities in June 2024 for the first time since 2022. TheĀ interest rate on deposit facilities fluctuated significantly between 2008 and 2024. From September 2019 onwards, the rate was increased regularly. On September 20, 2023, the ECB's interest rate on deposit facilities was increased to four percent, the highest rate in the observed period.