|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?|
On 22 January 2015, the ECB announced an expanded asset purchase programme.
This programme adds the purchase of sovereign bonds to the ECB’s existing private sector asset purchase programmes to address the risks of a too prolonged period of low inflation.
The FAQ provide more details about how this programme works.