ECB Interest Rate History
November 15, 2011
|
Posted by Money Guide
In the Eurozone there are several interest rates which are set by the ECB.
The rate that most people on tracker mortgages are interested in is called the main refinancing rate .
The refinancing rate is the rate at which the ECB lends money to commercial financial institutions like banks. It is this rate that determines the rate charged on “tracker mortgages” which first appeared in Ireland around 2001 – but are no longer available in Ireland since 2008.
Here are the historic figures showing the ECB interest rate changes from 2003
| ECB Rate History |
|
| Date | Rate % |
| 2003 7 Mar. |
2.50 |
| 2003 6 Jun |
2.00 |
| 2005 6 Dec. |
2.25 |
| 2006 8 Mar. |
2.50 |
| 2006 15 Jun. |
2.75 |
| 2006 9 Aug. |
3.00 |
| 2006 11 Oct. |
3.25 |
| 2006 13 Dec. |
3.50 |
| 2007 14 Mar. |
3.75 |
| 2007 13 Jun. |
4.00 |
| 2008 9 Jul. |
4.25 |
| 2008 15 Oct. |
3.75 |
| 2008 12 Nov. |
3.25 |
| 2008 10 Dec. |
2.50 |
| 2009 21 Jan. |
2.00 |
| 2009 11 Mar. |
1.50 |
| 2009 8 Apr |
1.25 |
| 2009 13 May. |
1.00 |
| 2011 15 Apr |
1.25 |
| 2011 15 July |
1.50 |
| 2011 9 Nov |
1.25 |
.
Categories: ECB, ECB Rate, Euro, Eurozone, Mortgages
|
Leave a reply