SpeechMonetary policy transmission in the euro area
Overcoming impairments in monetary policy transmission has been a key issue when designing unconventional measures, says Executive Board member Peter Praet, stressing that the ECB’s monetary policy has improved financing conditions and shielded the euro area from adverse global shocks.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|