Central Bank - The ECB keeps interest rates constant in the Eurozone
The European Central Bank (ECB) keeps interest rates constant in the Eurozone. The main rate, at which banks can borrow money from the central bank, remains at 4.25 percent, as the ECB announced in Frankfurt. The deposit rate, which banks receive for parked funds, is unchanged at 3.75 percent.
The ECB, located in Frankfurt am Main, is the Central Bank responsible for the Eurozone. Germany, being a significant member of the Eurozone, is impacted by the decisions made in the European Room by the Central Bank. The main interest rate set by the ECB influences borrowing costs for banks across Europe. A change in Leitzins, or interest rates, can impact economic growth and consumer spending in various European nations.
