Eurozone’s interest rate at the end of 2024
Market Rules
This market will resolve in favor of the outcome whose range of values contains the target rate for the Eurozone's deposit facility interest rate, as determined at the European Central Bank's last monetary meeting of 2024, set to take place on December 12th.
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Comments
- pedro_brito: Hi @Futuur ! Market title is still inaccurate.
- pedro_brito: Hello @Futuur ! I suggest changing this market title or its description, as it currently leads to confusion. The Governing Council of the ECB sets the key interest rates for the euro area: The interest rate on the main refinancing operations (MRO), which provides the bulk of liquidity to the banking system. The rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem. The rate on the marginal lending facility, which offers overnight credit to banks from the Eurosystem. The most frequently mentioned interest rate in news about the European Central Bank's (ECB) monetary policy is the main refinancing rate. When we read the market title, we believe it refers to this rate. Nevertheless, the market description reveals that the rate the market refers to is the rate on the deposit facility. I suggest changing the market title to include the expression "deposit facility rate" or modifying the market description to avoid confusion.