EZ Main Refinancing Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
The rate decision is usually priced into the market, so it tends to be overshadowed by the ECB Press Conference, held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015;
- EZ Main Refinancing Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Dec 12, 2024 | 3.15% | 3.15% | 3.40% |
| Oct 17, 2024 | 3.40% | 3.40% | 3.65% |
| Sep 12, 2024 | 3.65% | 3.65% | 4.25% |
| Jul 18, 2024 | 4.25% | 4.25% | 4.25% |
| Jun 6, 2024 | 4.25% | 4.25% | 4.50% |
| Apr 11, 2024 | 4.50% | 4.50% | 4.50% |
| Mar 7, 2024 | 4.50% | 4.50% | 4.50% |
| Jan 25, 2024 | 4.50% | 4.50% | 4.50% |
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- EZ Main Refinancing Rate News
From @C_Barraud|17 hr ago|5 commentspost:
*LAGARDE: LATEST INFORMATION SUGGESTS ECONOMY LOSING MOMENTUM - BBG *LAGARDE: ECONOMY TO STRENGTHEN MORE SLOWLY THAN SEEN EARLIER post: 
ECB'S LAGARDE EXPORTS SHOULD SUPPORT RECOVERY IF TRADE TENSIONS DON'T ESCALATE post: ECB'S PRESIDENT LAGARDE: DOMESTIC INFLATION REMAINS HIGH. post: MORE ECB'S LAGARDE: EASIER POLICY SHOULD SUPPORT DOMESTIC DEMAND #ecb #europeancentralbank #eurozone #interestrates #monetarypolicy #christinelagarde post: ECB’s Pres Lagarde: Risks To Growth Outlook Tilted To Downside
From ecb.europa.eu|18 hr agoECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 12 December 2024 at 14:45 CET in Frankfurt am Main.
From ecb.europa.eu|18 hr ago|6 commentsThe Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. The disinflation process is well on track. Staff see headline inflation averaging 2.4% in 2024, 2.1% in 2025, 1.9% in 2026 and 2.1% in 2027 when the expanded EU Emissions Trading System becomes operational. For inflation excluding energy and food, staff project an average of 2.9% in 2024, 2.3% in 2025 and 1.9% in both 2026 and 2027. Most measures of underlying inflation suggest that inflation will settle at around the Governing Council’s 2% medium-term target on a sustained basis. Domestic inflation has edged down but remains high, mostly because wages and prices in certain sectors are still adjusting to the past inflation surge with a substantial delay. post: EUROZONE ECB INTEREST RATE DECISION (DEC) ACTUAL: 3.15% VS 3.40% PREVIOUS; EST 3.15% EUROZONE DEPOSIT FACILITY RATE (DEC) ACTUAL: 3.00% VS 3.25% PREVIOUS; EST 3.00% EUROZONE ECB MARGINAL LENDING FACILITY ACTUAL: 3.40% VS 3.65% PREVIOUS; EST 3.40% post: ECB SAYS APP AND PANDEMIC EMERGENCY PURCHASE PROGRAMME (PEPP) APP PORTFOLIO IS DECLINING AT A MEASURED AND PREDICTABLE PACE, AS EUROSYSTEM NO LONGER REINVESTS PRINCIPAL PAYMENTS FROM MATURING SECURITIES post:
ECB: STAFF SEE HEADLINE INFLATION AVERAGING 2.4% IN 2024, 2.1% IN 2025, 1.9% IN 2026 AND 2.1% IN 2027 WHEN THE EXPANDED EU EMISSIONS TRADING SYSTEM BECOMES OPERATIONAL.ECB cuts interest rates for fourth time this year The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes in on its goal and the economy remains weak. The central bank for the 20 countries that share the euro reduced the rate it pays on bank deposits, which drives financing conditions in the bloc, to 3.0% from 3.25%. It was at a record 4.0% only in June. It also signalled that further cuts are possible by removing a reference to keeping rates "sufficiently restrictive", economic jargon for a level of borrowing costs that curbs economic growth. "Financing conditions are easing, as the Governing Council’s recent interest rate cuts gradually make new borrowing less expensive for firms and households," the ECB said. "But they continue to be tight because monetary policy remains restrictive and past interest rate hikes are still transmitting to the outstanding stock of credit."
From fxstreet.com|19 hr agoThe European Central Bank (ECB) interest rate decision will be announced following the December monetary policy meeting at 13:15 GMT on Thursday. ECB President Christine Lagarde's press conference will follow, beginning at 13:45 GMT, where she will deliver the prepared statement on monetary policy and respond to media questions. The ECB announcements are likely to drive the Euro’s (EUR) valuation in the second half of the week. What to expect from the European Central Bank interest rate decision? Following the October policy meeting, ...
From bnnbloomberg.ca|21 hr agoThe European Central Bank is set to cut interest rates for the fourth time this year, loosening constraints on the region’s struggling economy as inflation nears 2%. All but one analyst polled by Bloomberg predict another quarter-point reduction in the deposit rate on Thursday, to 3%. Only JPMorgan Chase sees a bigger, half-point move, arguing that recent data point to softer growth and inflation. Officials are certainly worried about the economic trajectory, with some fretting that persistent sluggishness could drag inflation below ...
From finance.yahoo.com|25 hr ago|1 commentA look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European Central Bank and the Swiss National Bank. Rate cuts by both are not in question, but how deep those cuts will be is still up for debate.The Swiss central bank decides first, and market-implied odds are tilted towards a half-point cut to 0.5%, ramping up in recent weeks after Chairman Martin Schlegel invoked the possibility of a return to ...
From cnbc.com|46 hr ago|4 commentsThe European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather than half-percentage-point trim, economists forecast that a faster pace of monetary loosening lies ahead. It will still be a crucial meeting to set guidance for the year ahead, not least because ECB staff will release their quarterly macroeconomic projections on growth and inflation. Those forecasts will factor in the highly uncertain global impact of Donald Trump’s return ...
From think.ing.com|Oct 19, 2024The European Central Bank cut the deposit rate by 25bp to 3.25% as expected, but what we did not expect was the overly dovish angle in the communication surrounding the decision. During the Q&A, ECB President Christine Lagarde highlighted that the decision was unanimous, which means that the earlier pushback by hawks did not materialise in an opposing vote. On the other hand, growth concerns seemed to be downplayed yet this did not persuade markets into a more hawkish perception. Risks stemming from a Trump victory were also ...
| Released on Dec 12, 2024 |
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