The Marginal Lending Rate is one of the three key interest rates set by the European Central Bank (ECB). It is the rate at which commercial banks can borrow overnight from the ECB against eligible collateral. This rate typically provides the upper bound for the overnight market interest rate. It acts as a safety valve for banks facing sudden liquidity shortages, ensuring the stability of the Eurozone banking system.
The rate is determined by the ECB Governing Council during their monetary policy meetings. It is usually set at a fixed spread above the main refinancing operations rate.
No historical data available
