Key interest rates

歐元體系的貨幣政策利率

 

The Governing Council of the ECB sets the key interest rates. The rates determine the stance of the ECB's monetary policy.  

歐洲中央銀行理事會訂定貨幣政策利率,這些利率決定歐洲中央銀行的貨幣政策態度。

 

The three key interest rates for the euro area:

歐元區有三個貨幣政策利率:

 

The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system. The Eurosystem may execute its tenders in the form of fixed rate or variable rate tenders. Since 27 June 2000 the MRO have been conducted as variable rate tenders with a minimum bid rate.  

主要融通操作最低投標利率(MRO):主要融通操作提供大多數的流動性給銀行體系。歐元體系的附買回交易投標得為固定利率或變動利率。自2000627日以後,主要融通操作均為變動利率投標,並有最低投標利率。

 

The rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem.  

存款利率:銀行得使用歐元體系的存款服務存放隔夜存款。

 

The rate on the marginal lending facility, which offers overnight credit to banks from the Eurosystem.

擔保融通利率:銀行得使用歐元體系的擔保融通服務取得隔夜融資。