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 September 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 1.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.