|Key figures at a glance|
|Marginal lending facility||0.30 %|
|Main refinancing operations (fixed rate)||0.05 %|
|Deposit facility||− 0.20 %|
|Effective from 10 September 2014|
|Why has the ECB introduced a negative interest rate?|
The accession of Lithuania to the euro area on 1 January 2015 triggered a system under which National Central Bank Governors take turns holding voting rights on the Governing Council.
In this text, the ECB answers some frequently asked questions on how the system works and why it exists.