ECB Main Refinancing Operations Rate: Fixed Rate Tenders for Euro Area

The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system. Data refer to the changing composition of the Euro Area, taking into account the composition of the euro area at the time to which the statistics relate. For more details, see the ECB Statistics Bulletin's General Notes (https://sdw.ecb.europa.eu/reports.do?node=10000023). Copyright, 2021, European Central Bank (ECB). Reprinted with permission.