The ECB hiked its deposit facility rate to 0.75% from zero, the highest since 2011. Following raising the deposit facility rate to be above zero, the two-tier system for the remuneration of excess reserves is no longer necessary. source: European Central Bank

Deposit Interest Rate in the Euro Area averaged 1.26 percent from 1999 until 2022, reaching an all time high of 3.75 percent in October of 2000 and a record low of -0.50 percent in September of 2019. This page provides - Euro Area Deposit Interest Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Deposit Facilty Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

Deposit Interest Rate in Euro Area is expected to be 0.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Deposit Facilty Rate is projected to trend around 3.00 percent in 2023 and 2.25 percent in 2024, according to our econometric models.

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Euro Area Deposit Facilty Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-06-09 11:45 AM -0.5% -0.5% -0.5% -0.5%
2022-07-21 12:15 PM 0% -0.5% -0.25% -0.25%
2022-09-08 12:15 PM 0.75% 0% 0.5% 0.75%
2022-10-27 12:15 PM 0.75% 1.5%
2022-12-15 01:15 PM 2%

Related Last Previous Unit Reference
Interest Rate 1.25 0.50 percent Sep 2022
Money Supply M1 11731857.00 11627401.00 EUR Million Aug 2022
Money Supply M2 15309670.00 15169334.00 EUR Million Aug 2022
Money Supply M3 16058609.00 15909144.00 EUR Million Aug 2022
Central Bank Balance Sheet 8777369.00 8756881.00 EUR Million Sep 2022
Foreign Exchange Reserves 83.98 83.48 USD Billion Aug 2022
Loans to Private Sector 5106091.00 5039610.00 EUR Million Aug 2022
Lending Rate 1.50 1.50 percent Sep 2022
Deposit Interest Rate 0.75 0.00 percent Sep 2022
Loan Growth 4.49 4.51 percent Aug 2022

Euro Area Deposit Facilty Rate
The deposit facility, as a standing facility, aims to absorb overnight liquidity, signal the general stance of monetary policy and normally provides a floor for the overnight market interest rate. The deposit facility is used at overnight deposits with the national central banks.
Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.00 3.75 -0.50 1999 - 2022 percent Monthly