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Table 7a The official interest rates of the European Central Bank
| With effect from1) |
Deposit facility |
Main refinancing operations |
Marginal
lending facility |
| Fixed rate tenders |
Variable rate
tenders |
| Fixed rate |
Minimum bid rate |
| 1999 |
1. Jan |
2.00 |
3.00 |
- |
4.50 |
| |
4. - 2) |
2.75 |
3.00 |
- |
3.25 |
| |
22. - |
2.00 |
3.00 |
- |
4.50 |
| |
9. Apr |
1.50 |
2.50 |
- |
3.50 |
| |
5. Nov |
2.00 |
3.00 |
- |
4.00 |
| 2000 |
4. Feb |
2.25 |
3.25 |
- |
4.25 |
| |
17. March |
2.50 |
3.50 |
- |
4.50 |
| |
28. Apr |
2.75 |
3.75 |
- |
4.75 |
| |
9. June |
3.25 |
4.25 |
- |
5.25 |
| |
28. - 3) |
3.25 |
- |
4.25 |
5.25 |
| |
1. Sep |
3.50 |
- |
4.50 |
5.50 |
| |
6. Oct |
3.75 |
- |
4.75 |
5.75 |
| Source: |
ECB. |
| 1 |
The date refers to the deposit and marginal lending facilities. For main refinancing operations, unless otherwise indicated, changes in the rate are effective from the first operation following the date indicated. |
| 2 |
On 22 December 1998 the ECB announced that, as an exceptional measure between 4 and 21 January 1999, a narrow corridor of 50 basis points would be applied between the interest rates for the marginal lending facility and the deposit facility, aimed at facilitating the transition to the new regime by market participants. |
| 3 |
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 Eurosystem would be conducted as variable rate tenders. The minimum bid rate refers to the minium interest rate at which counterparties may place their bids. |
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Table 7b Eurosystem monetary policy operations allotted though tenders
| Date of settlement |
Variabel rate tenders |
Date of settlement |
Variabel rate tenders |
| Minimum bid rate |
Marginal rate |
Minimum bid rate |
Marginal rate |
| 2000 |
28. June |
4.25 |
4.29 |
2000 |
1. Nov |
4.75 |
4.84 |
| |
5. July |
|
4.29 |
|
8. - |
|
4.83 |
| |
12. - |
|
4.29 |
|
15. - |
|
4.78 |
| |
19. - |
|
4.29 |
|
22. - |
|
4.80 |
| |
26. - |
|
4.30 |
|
29. - |
|
4.82 |
| |
2. Aug |
|
4.31 |
|
6. Dec |
|
4.75 |
| |
9. - |
|
4.30 |
|
13. - |
|
4.76 |
| |
16. - |
|
4.35 |
|
20. - |
|
4.80 |
| |
23. - |
|
4.47 |
|
27. - |
|
4.79 |
| |
30. - |
|
4.68 |
2001 |
3. Jan |
|
4.76 |
| |
6. Sep |
4.50 |
4.55 |
|
10. - |
|
4.75 |
| |
13. - |
|
4.58 |
|
17. - |
|
4.75 |
| |
20. - |
|
4.56 |
|
24. - |
|
4.75 |
| |
27. - |
|
4.65 |
|
31. - |
|
4.76 |
| |
4. Oct |
|
4.67 |
|
7. Feb |
|
4.75 |
| |
11. - |
4.75 |
4.76 |
|
14. - |
|
4.75 |
| |
18. - |
|
4.75 |
|
21. - |
|
4.78 |
| |
25. - |
|
4.80 |
|
26. - |
|
4.78 |
| Source: |
ECB. |
| Note: |
Footnote 3, table 7a. The marginal rate refers to the lowest rate at which funds were allotted. |
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