What's the ECB rate

[Hamek]

What's the current ECB lending rate? Checked their website today and it says "marginal lending facility is 2.25% ". Not sure what this means. Any idea anyone?

 

[LDFerguson]

The rate most residential mortgages are priced against in the Main Refinancing Operations rate which is currently at 1.25%.

 

[Hamek]

Thanks a mill LDFerguson. I actually saw the main refinancing operations rate on the site but thot it was strictly for refinancing. You're right right it's set at 1.25%. Thanks again.

 

[Lightning]

The ECB rate is likely to drop to 1.00% on May 7th.

There is also a chance of a further drop thereafter to 0.75%.