Refinancing Rate — Lower Your Loan Interest
Medium-length body copy of one or two sentences goes here to support the main headline. Do not make your text longer than this.
Refinancing Rate — Lower Your Loan Interest
Medium-length body copy of one or two sentences goes here to support the main headline. Do not make your text longer than this.
Refinancing Rate — Lower Your Loan Interest
Medium-length body copy of one or two sentences goes here to support the main headline. Do not make your text longer than this.
Table of contents
The refinancing rate is the main interest rate at which eurozone banks can borrow from the ECB for one week. It is the headline policy rate markets watch when the ECB meets.
When the refinancing rate rises, banks often pass higher funding costs to customers through loan and deposit rates. When it falls, borrowing tends to get cheaper.
How the refinancing rate is used
Commercial banks borrow from the ECB to meet short-term liquidity needs. The refinancing rate sets the price of that borrowing. Changes ripple through mortgages, business loans, and the rates you see on Savings Accounts.
Related ECB rates
Alongside the refinancing rate, the ECB sets the deposit facility rate (what banks earn on overnight deposits) and the marginal lending rate for emergency overnight loans. Together they form the ECB's interest rate corridor. See ECB interest rate for the full picture.
bunq savings products respond to the broader rate environment. Compare variable Savings with fixed Term Deposits depending on whether you expect rates to rise or fall.
Table of contents
The refinancing rate is the main interest rate at which eurozone banks can borrow from the ECB for one week. It is the headline policy rate markets watch when the ECB meets.
When the refinancing rate rises, banks often pass higher funding costs to customers through loan and deposit rates. When it falls, borrowing tends to get cheaper.
How the refinancing rate is used
Commercial banks borrow from the ECB to meet short-term liquidity needs. The refinancing rate sets the price of that borrowing. Changes ripple through mortgages, business loans, and the rates you see on Savings Accounts.
Related ECB rates
Alongside the refinancing rate, the ECB sets the deposit facility rate (what banks earn on overnight deposits) and the marginal lending rate for emergency overnight loans. Together they form the ECB's interest rate corridor. See ECB interest rate for the full picture.
bunq savings products respond to the broader rate environment. Compare variable Savings with fixed Term Deposits depending on whether you expect rates to rise or fall.
Table of contents
The refinancing rate is the main interest rate at which eurozone banks can borrow from the ECB for one week. It is the headline policy rate markets watch when the ECB meets.
When the refinancing rate rises, banks often pass higher funding costs to customers through loan and deposit rates. When it falls, borrowing tends to get cheaper.
How the refinancing rate is used
Commercial banks borrow from the ECB to meet short-term liquidity needs. The refinancing rate sets the price of that borrowing. Changes ripple through mortgages, business loans, and the rates you see on Savings Accounts.
Related ECB rates
Alongside the refinancing rate, the ECB sets the deposit facility rate (what banks earn on overnight deposits) and the marginal lending rate for emergency overnight loans. Together they form the ECB's interest rate corridor. See ECB interest rate for the full picture.
bunq savings products respond to the broader rate environment. Compare variable Savings with fixed Term Deposits depending on whether you expect rates to rise or fall.