The official interest rates of the
European Central Bank
| The official interest rates of the European Central Bank |
Table 7a
|
|||
| With effect from1 |
Deposit
facility |
Main refinancing
operations |
Marginal
lending facility |
|
|
Fixed rate
tenders |
Variable
rate tenders |
|||
|
Fixed rate
|
Minimum
bid rate |
|||
| 2002 6 Dec |
1.75
|
-
|
2.75
|
3.75
|
| 2003 7 Mar |
1.50
|
-
|
2.50
|
3.50
|
| 6 Jun |
1.00
|
-
|
2.00
|
3.00
|
| Source: ECB. 1 The date refers to the deposit and marginal lending facilities. For main refinancing operations, changes in the rate are effective from the first operation following the date indicated. 2 On 8 June 2000 the ECB announced that, starting from the operation to be settled on 28 June 2000, the main refinancing operation of the Euro-system would be conducted as variable rate tenders. The minimum bid rate refers to the minimum interest rate at which counterparties may place their bids. |
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