In June 2024, the European Central Bank (ECB) cut its interest rate on deposit facilities for the first time since 2022. Just three months later, the ECB introduced another cut, lowering the rate to 3.5 percent. These reductions came after a prolonged period of steadily increasing rates.
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024
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ECB. (September 12, 2024). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. "Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024." Chart. September 12, 2024. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. (2024). Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024. Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB. "Fluctuation of The European Central Bank Interest Rate on Deposit Facilities from 2008 to 2024." Statista, Statista Inc., 12 Sep 2024, https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/
ECB, Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 Statista, https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/ (last visited October 08, 2024)
Fluctuation of the European Central Bank interest rate on deposit facilities from 2008 to 2024 [Graph], ECB, September 12, 2024. [Online]. Available: https://www.statista.com/statistics/275581/fluctuation-of-the-ecb-interest-rate-on-deposit-facilities/