|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 ECB and the Bank of England (BoE) have prepared a joint response to the European Commission, as a follow-up to previous joint initiatives undertaken to revive the EU securitisation markets.
It covers views on criteria to identify simple, transparent and standardised securitisations.
The European Commission's public consultation represents a first step towards a possible initiative on creating an EU framework for securitisation.