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Have Questions About The ECB's Unprecedented Negative Deposit Rate? Call This Guy


ECB introduces a negative deposit facility interest rate

Deposit facility interest rate cut effective as of 11 June 2014 Negative rate to apply also to average reserve holdings in excess of the minimum reserve requirements and other deposits held with the Eurosystem

When deciding to lower the key ECB interest rates at its meeting today, the Governing Council of the ECB took the decision to cut the interest rate on the deposit facility to -0.10%.


This change will come into effect on 11 June 2014, together with the changes to the interest rates on the main refinancing operations and on the marginal lending facility.

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