Euro Area Central Bank Lending RateEuro Area Central Bank Lending RateEuro Area Central Bank Lending Rate

Euro Area Central Bank Lending Rate

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Key data points

Last release
Observation period
Jul 2024
Next release
Forecast
Highest
5.75% on May 8, 2001
Lowest
0.25% on Jul 26, 2022

About Euro Area Central Bank Lending Rate

Category
Money
Frequency
Monthly
Units
%
In the Euro Area, the marginal lending facility aims to provide overnight liquidity, signal the general stance of monetary policy and normally provides a ceiling for the overnight market interest rate. This facility is available to eligible counterparties on their own initiative, subject to their fulfilment of certain operational access conditions. Counterparties can use the marginal lending facility to obtain overnight liquidity from the national central banks against eligible assets. Under normal circumstances, there are no credit limits or other restrictions on counterparties' access to the facility, apart from the requirement to present sufficient underlying assets. The marginal lending facility is administered in a decentralised manner by the national central banks.