What is the ecb interest rate?

The European Central Bank (ECB) interest rate, also known as the “main refinancing rate,” is the rate at which the ECB lends money to commercial banks in the Eurozone. The current ECB interest rate is 0% as of January 2023. This rate is used as a benchmark for other interest rates in the Eurozone, and changes to the ECB interest rate can affect the cost of borrowing for consumers and businesses.

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