The European Central Bank raised its deposit facility rate by 50 bps to 2.0 percent during its December meeting, bringing borrowing costs to the highest level since early 2009. Policymakers delivered a fourth straight rate hike as expected, and said they expect to raise them significantly further, because inflation remains far too high and is projected to stay above the target for too long. source: European Central Bank

Deposit Interest Rate in 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 January of 2023.

Deposit Interest Rate in Euro Area is expected to be 3.00 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 2.25 percent in 2024 and 1.00 percent in 2025, according to our econometric models.

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Euro Area Deposit Facilty Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-09-08 12:15 PM 0.75% 0% 0.5% 0.75%
2022-10-27 12:15 PM 1.5% 0.75% 1.5% 1.5%
2022-12-15 01:15 PM 2% 1.5% 2% 2%
2023-02-02 01:15 PM 2% 2.5% 2.5%
2023-03-16 01:15 PM 3%
2023-05-04 12:15 PM

Related Last Previous Unit Reference
Interest Rate 2.50 2.00 percent Dec 2022
Money Supply M1 11328437.00 11450387.00 EUR Million Dec 2022
Money Supply M2 15271181.00 15331588.00 EUR Million Dec 2022
Money Supply M3 16090168.00 16145064.00 EUR Million Dec 2022
Central Bank Balance Sheet 7959180.00 7972052.00 EUR Million Jan 2023
Foreign Exchange Reserves 84.15 82.81 USD Billion Dec 2022
Loans to Private Sector 5118399.00 5144347.00 EUR Million Dec 2022
Lending Rate 2.75 2.75 percent Jan 2023
Loan Growth 3.80 4.10 percent Dec 2022
Deposit Interest Rate 2.00 1.50 percent Dec 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
2.00 1.50 3.75 -0.50 1999 - 2022 percent Monthly