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ECB confirms remuneration ceiling for euro area government deposits and adjusts remuneration of other non-monetary policy deposits

From ecb.europa.eu

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 On 16 April 2024 the Governing Council of the European Central Bank (ECB) decided to adopt a single legal act setting out a uniform ... (full story)

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