Updated: 01.10.2020

Key indicators of interest rate statistics


Interest rate on the main refinancing operations

With effect from

Main refinancing operations




Latvijas Banka's refinancing rate (until December 2013)

Interest rate on the main refinancing operations of the ECB (as of January 2014)

The most significant of the ECB key interest rates is the interest rate on the main refinancing operations. Decisions on interest rates are taken by the ECB Governing Council.

Main refinancing operations are weekly liquidity-providing operations executed through fixed and variable rate tenders. Usually, the maturity of those operations is one week. At fixed rate tenders, the interest rate on the central bank money is specified in advance in accordance with the monetary policy stance. Variable rate tenders are organised based on a minimum bid rate serving as the lowest limit for the price of the central bank money. Main refinancing operations have a pivotal role in achieving the objectives of the Eurosystem's market operations and they are the largest refinancing source for the banking sector.

Related topics

Meetings of the ECB's Governing Council

ECB monetary policy decisions

Monetary policy instruments

Related links

Schedules for the meetings of the Governing Council and General Council of the ECB and related press conferences

Weighted average interest rates

Monetary financial institution (MFI) interest rate statistics cover interest rates that MFIs (except central bank and money market funds) – apply to deposits from and loans to resident non-financial corporations and households.

Weighted average interest rates charged by MFIs in transactions with resident non-financial corporations and households
(I/2004 - VIII/2020)

Volumes of new  business and renegotiated loans in euro in MFI transactions with resident non- financial corporations and households
(XII/2014 - VIII/2020)


Basis for the compilation of statistics in accordance with the ECB requirements

Regulation (EU) No 1072/2013 of the European Central Bank of 24 September 2013 concerning statistics on interest rates applied by monetary financial institutions (recast) (ECB/2013/34)

Guideline of the European Central Bank of 4 April 2014 on monetary and financial statistics (recast) (ECB/2014/15) (2014/810/EU)

Latvijas Banka's legal acts governing data collection

Regulation No 133 "Regulation for Compiling Interest Rate Reports of Monetary Financial Institutions" of 16 May 2014


Interest rates in the domestic interbank market

Data on interest rates on loans in the domestic interbank market provide weighted average interest rates on loans granted by banks to other MFIs and other financial institutions.

Interest Rates in the Domestic Interbank Market
(data from I/1994 until VIII/2020)

Latvijas Banka's legal acts governing data collection

Regulation No 102 "Regulation for Compiling the 'Report on Money Market Transactions'" of 16 May 2013

Long-term interest rates for convergence assessment purposes

Long-term interest rates for convergence assessment purposes for European Union (EU) Member States relate to interest rates for long-term government bonds denominated in euro for euro area EU Member States and in national currencies for EU Member States that have not adopted the euro at the time of publication.

Long-term interest rates of all European Union member states are published by the European Central Bank on a monthly basis.