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ECB Main Refinancing Operations Announcement Rate

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EURR002W:IND
0.050
0.000
0.00%
As of 12:00 AM EST on 1/21/2016.
Previous Close
0.050
52Wk Range
0.050 - 0.050
Previous Close
0.050
52Wk Range
0.050 - 0.050
YTD Return
0.00%
Profile
A target interest rate set by the central bank in its efforts to influence short-term interest rates as part of its monetary policy strategy. This indicator shows the new target interest rate on the date the new rate was announced. The main refinancing rate is the rate for the Eurosystem's regular open market operations (in the form of a reverse transaction) for the purpose of providing the banking system with the amount of liquidity that the former deems to be appropriate. Main refinancing operations are conducted through weekly standard tenders (in which banks can bid for liquidity) and normally have a maturity of one week.
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