ECB confirms remuneration ceiling for euro area government deposits and adjusts remuneration of other non-monetary policy deposits
- Remuneration ceiling for euro area government overnight deposits remains unchanged at euro short-term rate (€STR) minus 20 basis points
- Uniform remuneration rate for most non-monetary policy deposits held with the Eurosystem adopted at €STR minus 20 basis points
- Small amount of non-monetary policy deposits not yet aligned to this uniform rate to be aligned
- Legal provisions for the remuneration of non-monetary policy deposits combined in single legal act to improve transparency
Published on the 17th of April 2024