ECB interest rates and exchange rates

The Governing Council of the ECB sets the key interest rates for the euro area. These are the interest rates on the main refinancing operations, the deposit facility and the marginal lending facility.

Explore monthly ECB reference exchange rates as well as the effective exchange rates vis-à-vis the euro area’s most important trading partners.

The harmonised competitiveness indicators provide consistent and comparable measures of the euro area countries’ price and cost competitiveness that are also consistent with the real effective exchange rate of the euro vis-à-vis 41 trading partners.