ECB Raises Interest Rates. At the ECB council meeting in Frankfurt, it was decided that the overnight deposit rate will be raised to 2.25%. The deposit facility rate is the interest rate through which the ECB council determines the direction of its monetary policy.
At the ECB council meeting in Frankfurt, it was decided that the overnight deposit rate will be raised to 2.25%. The deposit facility rate is the interest rate through which the ECB council determines the direction of its monetary policy.
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